Recently, the spot iron ore prices have continued falling.
At present, the spot prices of Indian iron ore fines contain 63.5% Fe are at US$118.5~US$119.5/ton C&F, decreasing by US$0.5/ton from the previous US$119~US$120/ton C&F.
Meanwhile, it's known that the spot iron ore prices have dropped by US$4~US$5/ton from the previous high level of US$123~US$124/ton C&F.