Tag: China urban renewal plan

Policy optimism keeps market sentiment high Recent coke price hike limits raw material gains Iron ore fines (Fe 61%) spot prices edged down by $0.25/dmt d-o-d to $105.35/dmt CFR China on 28 May 2026 against 26 May. Trading activity was muted despite improved market sentiment after China announced its 2026-2030 urban renewal plan, boosting expectations…