Tag: Spot iron ore price
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Spot iron ore price rebounds on firm buying interest
The spot iron ore Fe 62% fines price yesterday picked up by $1.1/t d-o-d to settle at $164.7/t CFR China as procurement activity returned to the market. Demand for medium-grade fines was still strong from traders. Meanwhile, the ferrous futures market in China remained largely stable yesterday with slight fluctuations observed in iron ore and…