Spot prices of seaborne iron ore were unchanged Friday, as mills awaited clearer market direction, and preferred to rely on their long-term contractual cargoes instead for now. Platts assessed the 62% Fe Iron Ore Index same as Thursday's at 117.25 dollars/dry mt CFR North China. Most end-users said they were more reliant on their long-term contracts now, hesitating to buy spot cargoes due to the uncertainty of the current market.
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