According to Metal Bulletin, the spot price for benchmark 62% iron ore fines slumped 2.2% to $103.87 a tonne, leaving it down 4.4% from the five-year peak of $108.62 struck earlier in the week.
Elsewhere, the price for 65% fines tumbled 1.8% to $119 a tonne, the lowest level in a week. 58% fines fell by a smaller 0.7% to $90.33 a tonne, narrowing its price discount to mid and higher grades.
Iron ore price, page-13020
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