FACT: Rzzro's price feed shows SGX iron ore at $101.62 $/mt, +0.02% on the session. The move is tied to China steel margins, not a supply shock.

The 5-day average is $101.47 $/mt. The current print is near that average, which keeps the buyer signal balanced.

RZZRO VIEW: buyers should separate headline supply news from steel-margin confirmation. Without margin improvement, rallies can fade quickly.

For procurement, the practical question is whether the price holds above support. If it does, coverage can be staged; if not, wait.

What this means for buyers

Layer coverage around the current $101.62 print and confirm the move with spreads before increasing hedge size.