DAILY: China's iron ore market firms, sales grow

China's imported iron ore market firmed on July 23, with Mysteel's 62% portside iron ore fines index reaching Yuan 470/wmt ($69/wmt), up Yuan 4/wmt on day FOT Qingdao and including the 16% VAT. At the same time, Mysteel's 62% Australian iron ore fines price for seaborne cargoes climbed by $0.45/dmt on day to $65.1/dmt CFR Qingdao.

China’s imported iron ore market firmed on July 23, with Mysteel’s 62% portside iron ore fines index reaching Yuan 470/wmt ($69/wmt), up Yuan 4/wmt on day FOT Qingdao and including the 16% VAT. At the same time, Mysteel’s 62% Australian iron ore fines price for seaborne cargoes climbed by