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MMi Daily Iron Ore Report (August 28)

iconAug 28, 2025 18:08
Source:SMM
Today, the iron ore futures turned from weak to strong, with the most-traded contract I2601 closing at 790.5, up 1.74% from yesterday. Traders showed moderate willingness to sell; steel mills adopted a wait-and-see sentiment and purchased as needed, while some mills with better finished product sales actively restocked.
SMM price
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