Tag: steel margins impact
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China: Iron ore spot prices dip $1/t d-o-d
Iron ore fines (Fe 62%) spot prices dipped by $0.55/dmt to $106.2/dmt CFR China on 23 Sep’25. Prices dipped as mills wrapped up pre-holiday restocking, though medium-grade fines stayed in demand amid supply issues. Weak margins kept buyers focused on low to mid-grade cargoes, while lump premiums struggled.