Tag: Iron ore market outlook 2025

China: Spot iron ore prices hold firm; market sentiment remains weak despite rise in molten iron output

Apr 29, 2025

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by

Adarsh Sahu

in Fines/Lumps

Iron ore fines (Fe 62%) spot prices were stable d-o-d at $99.40/t CFR China on 28 Apr’25. Limited but fresh trading activity supported prices, even as the broader market outlook remained weak. The recent rise in molten iron production boosted market optimism, prompting mills to explore the spot market for pre-holiday purchases. However, renewed rumours…