Tag: China steel mills demand

Iron ore fines (Fe 61%) spot prices rose by $3.5/dmt d-o-d to $112.05/dmt CFR China on 5 May’26. Prices surged amid stronger futures and improved steel market sentiment, driving active trade following the Labour Day holidays (1-5 May). However, buyers remained cautious due to sufficient material availability and expectations of some correction in prices. Demand…