WEEKLY: China's import iron ore prices pull back

Source: Mysteel Oct 20, 2025 16:00

Prices for imported iron ore in China retreated over the past week, as risk-averse sentiment mounted among market players amid the rekindled trade friction between the United States and China.

By October 17, Mysteel PORTDEX 62% Australian Fines in Qingdao had dropped by Yuan 9/wmt ($1.3/wmt) on week to Yuan 781/wmt FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines lost a larger $3.4/dmt on week to $103.3/dmt CFR Qingdao. Steel production among integrated steel mills continued