The latest price of imported iron ore of 62% purity in China reached approximately 104.45 dollars per dry ton of CFR with an increase of almost 6 dollars, according to market optimism after the recent official holiday in China.
According to Iran Steel, according to the market activists, such growth was only a price correction after the sharp price drop of the last two weeks, and the fundamentals of the market have not changed.
Although the confidence of the market has increased, the amount of inventory in warehouses is high and does not allow significant growth in the market of this raw material.
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