Tag: production cuts impact
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China: Iron ore spot prices hold stable d-o-d
Iron ore fines (Fe 62%) spot prices edged up by $0.5/dmt d-o-d to $102.45/dmt CFR China on 27 Aug’25. Spot trading centered on mid-grade fines, lifting prices slightly. Buyers showed little preference between Sep and Oct cargoes, reflecting a thin difference. Liquidity remained thin amid production cuts and earlier restocking, while squeezed mill margins kept…