Tag: Iron Ore Fines
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China: Spot Iron Ore Fines Prices continue to Drop
Iron ore fines (Fe 63.5/63) prices stands at around USD 132-133/MT CFR China, drop of USD 1/MT. Environmental issues and sluggish demand owning to winters, forced Blast furnaces to close their operations, leaving a dent over Iron ore demand. Currently, billet stands at RMB 2,960/MT (EXW; VAT included) in Tangshan. The most traded rebar contract…