Tag: steel consumption outlook
-
China: Iron ore spot prices drop $2/dmt on subdued trades
DCE iron ore futures remain rangebound Weak macro data weighs on market sentiment Iron ore fines (Fe 61%) spot prices fell by $1.5/dmt to $108.45/dmt CFR China on 18 May against $109.95/dmt on 15 May 2026. Iron ore prices declined with sparse trades observed for medium-grade fines, as weaker buying appetite in the seaborne market…