Tag: spot iron ore market
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China: Iron ore spot prices drop d-o-d amid sluggish trading
China’s iron ore fines (Fe 62%) spot prices edged lower by $0.75/t to $98.95/t CFR on 23 May’25. Trading activity slowed down, and falling finished steel prices began to weigh on mills’ margins. As per reports, a clearer shift towards low-grade material was observed, while blast furnace productivity is unlikely to see improvement.