The general theme across major steel trading regions last week is poorsentiment, for various reasons. The markets were stifled, amid rawmaterials prices taking a beating and lacklustre demand plaguingsome markets.The Platts IODEX 62% Fe fines dropped to $83.60/dmt CFR North Chinaon Friday, down $8.40/dmt or 9.1% from a week before. The market washit by high port stocks, which swelled to 130 million mt last week, as wellas weaker steel prices, which hit demand for seaborne raw material.
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