Tag: Spot Iron Ore

Iron ore (Fe 62%) fines spot prices rose by $3.8/t d-o-d to $129.80/t CFR China on 8 Feb’24 because China’s macroeconomic news positively impacted the post-Lunar New Year demand outlook for March-delivery cargoes, leading to increased confidence. Meanwhile, after the holidays, Chinese mills are anticipated to restart steel production, which is expected to maintain strong…