Tag: Global iron ore prices
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China: Spot iron ore prices continue to fall, likely to remain under pressure in near term
Spot prices of iron ore in China continued to fall d-o-d due to weak seaborne liquidity and decreasing steel margins. Benchmark Fe 62% fines prices moved down by $2.35/t to $91.4/t CFR China on 20 October, 2022 Prices have corrected by $10/t since mid-September, 2022. As per a few reports, falling steel margins, and logistical…