China: Iron ore spot prices remain firm d-o-d
Iron ore fines (Fe 61%) spot prices remained unchanged at $107.6/dmt CFR China on 22 Apr'26 d-o-d, supported by steady demand fundamentals amid ongoing restocking, high hot metal output, and resilient downstream steel demand. At the same time, an optimistic supply outlook kept the market in equilibrium. However, buying activity stayed restrained ahead of the holiday period, with mills largely following a need-based procurement approach.