Tag: China steel raw materials
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China: Iron ore spot prices surge by $4/t d-o-d
Iron ore fines (Fe 61%) spot prices rose by $4.0/dmt to $109.1/dmt d-o-d CFR China on 12 Mar d-o-d. The increase was supported by active trading in medium-grade fines and positive macroeconomic sentiment in China, along with higher oil prices. Meanwhile, concerns over purchasing high-grade Australian fines emerged among mills and traders amid stalled contractual…