Tag: Chinese steel demand weakness

Iron ore downward by weak steel fundamentals Narrowing mill margins amid coke price revision Iron ore fines (Fe 61%) spot prices dropped by $2.10/dmt to $99.25/dmt CFR China on 18 June 2026 d-o-d against 17 June. Prices lost strength amid growing pressure from weak steel demand and shrinking mill margins in China. The decline was…