The spot price of iron ore Fe 62% fines fell by $3.5/t to $217.30/t, CFR China, on 19 Jun’21 as steel market sentiments in China remained subdued. Even as steel margins remained weak, medium- and high-grade fines continued to be the choice of most buyers. The DCE iron ore futures market also remained sluggish on dull seasonal demand with the most-active contract closing lower by RMB 20.5/t on 19 Jun.
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