Tag: easing tariffs

China: Spot iron ore prices climb up by $3/t d-o-d amid easing US-China trade tensions

May 14, 2025

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by

Adarsh Sahu

in Fines/Lumps

Iron ore fines (Fe 62%) spot prices surged by $2.65/t d-o-d to $101.25/t CFR China on 13 May’25, amid healthier market sentiment following easing trade tensions between China and the US. The market saw increased fresh trading activity after the announcement. Additionally, mills’ outputs rose marginally, supported by strong raw material demand, healthy margins, and…