Seaborne iron ore recovered on October 23 after three consecutive daily declines.
The 61% Fe fines index reached $90.35 per dry tonne CFR Qingdao.
The 62% Fe fines index increased to $92.55 per dry tonne.
Narrower discounts for mid-grade Australian fines supported prices, although steel demand remained uncertain.
Pellet trading stayed thin because of limited available cargoes and persistent gaps between bids and offers.
