Tag: China spot prices
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China: Iron ore spot prices drop below $100/t as trade war escalates
Iron ore fines (Fe 62%) spot prices fell below the $100/t-mark on 7 Apr’25, dropping by $2.95/t to $98.85/t CFR China. Iron ore prices have fallen amid renewed US tariff concerns and weak demand for seaborne cargoes. Mills are delaying purchases, expecting further price correction amid poor macroeconomic sentiments.