Tag: China spot iron ore prices
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China: Iron ore prices inch up on improved steel data
The spot price of iron ore in China rose on 8 August on bullish steel data as well as lifting of sintering restrictions in the Hebei region. Benchmark Fe 62% fines prices inched up by $1.85/t to $108.8/t CFR China. The positive rebar data is most likely to be accountable for the price increase. Several…