Tag: China spot iron ore prices
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China: Iron ore spot prices rangebound as steel demand recovers
The spot price of iron ore in China remained stable on 1 Jun’22 as market participants weighed Chinese steel demand recovery against crude steel output cuts. Benchmark Fe 62% fines prices inched up by $0.05/t to $136.55/t CFR China. Sources expected steel demand to continue to recover with easing COVID-related restrictions and increasing government stimulus…