Tag: Pellet competition

China’s spot prices of iron ore fines (Fe 62%) were firm d-o-d, inching up by $0.2/t to $100.10/t CFR on 21 Apr’25, despite sluggish trading activity. Steel margins were under pressure, causing weaker demand for high-grade products. Although a softer US dollar improved landing margins for some items, overall demand for portside cargo remained weak,…