Tag: iron ore spot price 16 Jul 2025
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China: Iron ore spot prices inch up by $1/t d-o-d on strong fundamentals
Iron ore fines (Fe 62%) spot prices surged by $0.95/t d-o-d to $99.1/dmt CFR China on 16 Jul’25. Prices increased due to rising market liquidity and trade volumes. Strong iron ore fundamentals and expectations for higher hot metal production supported steady steel mill margins and increasing demand for high-grade products. Supportive macroeconomic policies and rising…