China: Iron ore spot prices hold steady on firm demand
Iron ore fines (Fe 61%) spot prices remained firm at $96.4/dmt d-o-d CFR China on 23 Feb against 20 Feb'26. Post-holiday restocking demand remained healthy, though tightening margins shifted buying interest toward non-mainstream grades. Spot prices stayed flat early in the week as mills remained away during the final festive days, with clearer price direction expected once full market activity resumes.