Tag: iron ore spot price May 2025

Chinese iron ore fines (Fe 62%) spot prices slipped by $0.45/t d-o-d to $99.7/t CFR on 22 May’25. Prices dropped as mills shifted to mid-to-low grade blends to protect margins. Although supply tightened slightly, Indian shipments helped fill the gap. While Chinese coastal mills saw decent profits, high-grade material was less favoured at current prices,…