Tag: mining output cuts rumours

Iron ore fines benchmark prices for Fe 61% dropped by $0.4/t w-o-w to $108.1/dmt CFR China on 27 Mar’26. The decline was driven by a broader correction in ferrous futures after a sharp energy-led rally amid rising geopolitical tensions. Market uncertainty eased as Cyclone Narelle passed major Australian ports with minimal damage to infrastructure, reducing…