Tag: China spot iron ore prices
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China: Iron ore prices rise as steel mills resume production
The spot price of iron ore in China rose on 11 August on improved market sentiment following the restart of production at steel mills. Benchmark Fe 62% fines prices inched up by $2.2/t to $110.6/t CFR China. Seaborne buying interest was slightly lower than the previous day, with only a few trades concluded in the…