Spot prices of seaborne iron ore rose slightly Friday as deals for Brazilian cargoes suggested still-resilient appetite from buyers, though it remained too early to say whether Cyclone Lua was having an impact. Platts assessed 62% Fe fines 25 cents higher to 147 dollars/dry mt CFR North China. Tropical Cyclone Lua, which forced the closure of Port Hedland in Western Australia, intensified into a Category 3 system Friday, but was still staying clear of the Pilbara coast.
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