Spot iron ore market weakens as buying interest fades

摘要

The seaborne iron ore marketsoftened Tuesday following a record increaseat the start of the week, as end-users weremore reluctant to buy on the back of volatilityin the steel markets.Platts assessed the 62% Fe Iron OreIndex (IODEX) at $62/dry mt CFR North ChinaTuesday, down $2.20/dmt on day.