Tag: steel mill demand
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China: Iron ore spot prices edge down by $1/t d-o-d
Iron ore fines (Fe 62%) spot prices decreased by $0.65/t to $100.45/t CFR China on 24 Apr’25. This was due to renewed caution among market participants amid persistent macroeconomic uncertainties. Overall, buying interest slowed and portside prices weakened amid oversupply and muted mill demand, while firm destocking supported a slight rise in lump prices.