Imported iron ore margin narrows to 0.04 yuan/mt

The average imported iron ore margin narrowed from 8.72 yuan/mt to 0.04 yuan/mt in the latest period, weighed down mainly by lower port spot prices and higher freight. Iron ore currently faces rising supply and falling demand. The latest SMM data showed iron ore stocks at 35 major ports across China at 148.05 million mt, ...

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