The average margin on imported iron ore narrowed to 9.62 yuan/mt today from 11.52 yuan/mt, driven mainly by higher premiums on some brands alongside weaker spot prices. On the supply side, BHP’s Q1 FY2027 report showed Western Australia Iron Ore (WAIO) production at 71.91 million mt on a 100% basis, up 2.4% year-on-year, with full-year ...
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