WEEKLY: China's domestic iron ore concs prices weaken further

Chinese prices for domestically-produced iron ore concentrates continued declining in all major production areas during October 21-25, a symptom of weakening steel prices and the further waning of demand for feeds from steelmakers, Mysteel's latest survey showed.

Most concs suppliers across the country wavered in their pricing decisions last week but ultimately yielded to pressure from steelmakers and lowered their selling prices, market sources observed. For example, by October 25, the offering price for the 66% Fe grade iron ore concentrates in Handan and Xingtai in North