Tag: seaborne iron ore market

Weak steel demand, mill losses weigh on iron ore buying Rising production cut expectations exert downward pressure Iron ore fines (Fe 61%) spot prices declined by $1/dmt d-o-d to $95/dmt CFR China on 14 September 2026, the lowest level since 24 August, driven by subdued steel demand and weak mill profitability. Chinese buyers remained cautious…