Tag: China steel sector overcapacity policy

Iron ore fines (Fe 61%) spot prices inched up by $1.15/dmt d-o-d to $101.35/dmt d-o-d CFR China on 5 Mar’26. The uptick was driven by improved sentiment after the government reiterated its commitment to tackle excess capacity in the steel sector, which supported active buying in the spot market. However, buyers showed some reluctance towards…