Tag: China spot iron ore
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China: Iron ore prices fall on lower seaborne liquidity
The spot price of iron ore in China fell on 12 Aug’22 amid weaker seaborne buying interest. Benchmark Fe 62% fines prices inched down by $1.75/t to $108.85/t CFR China. Mill margins are continuing to improve, but steel demand remains weak. Despite production restarts, steel mills are primarily concerned with maintaining low raw material inventories.