China: Iron ore spot prices hold firm d-o-d
Iron ore fines (Fe 62%) remained unchanged d-o-d at $103.6/dmt CFR China on 14 Nov'25. Portside price movements remained limited within a narrow range, leading to overall price stability. Additionally, the increase in the number of mills scheduling maintenance for their blast furnaces reduced demand for iron ore, which, in turn, decreased pig iron production levels.