The seaborne iron ore market failed to hang on to a previous rebound, as trading activity ground to a halt and pre-holiday buying slowed down. Platts assessed the 62% Fe Iron Ore Index down $1.50/dmt day on day at $64/ dry mt CFR North China Tuesday. A source from an international trading house said many of the cargoes arriving from mid- to late-March had already found homes, meaning that most mills had also finished procuring for the period immediately after the holidays.
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