Tag: China steel demand slowdown

China: Iron ore spot prices drop $2/t d-o-d on shrinking mill margins

Jun 5, 2026

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by

Adarsh Sahu

in Fines/Lumps

DCE futures decline by RMB 10/t ($1.5/t) Higher coke tags limit iron ore gains Iron ore fines (Fe 61%) spot prices declined by $2.25/dmt d-o-d to $101.1/dmt CFR China on 4 June 2026 against 3 June. Market sentiment remained weak as elevated coke prices continued squeezing steel mill margins, limiting raw material procurement. Meanwhile, miners…