Tag: mill resales

China: Iron ore prices drop by $1/t d-o-d amid subdued buying appetite

Apr 17, 2025

—

by

Adarsh Sahu

in Fines/Lumps

Iron ore fines (Fe 62%) spot prices fell $1/t d-o-d to $98.95/t CFR China on 16 Apr’25. Despite a slight improvement in macroeconomic sentiment, supported by NBS revealing a 4.6% uptick in crude steel production in March, subdued buying appetite weighed on spot prices. Additionally, rising mill resales and backwardation concerns pressured sentiment, while fines…