WEEKLY: China's import iron ore prices face mounting pressure

Source: Mysteel Oct 27, 2025 15:15

Prices for imported iron ore in China first rose and then declined over the past week, as the commodity's weakening fundamentals started to exert pressure on its prices.

On October 17, Mysteel PORTDEX 62% Australian Fines in Qingdao stood at Yuan 781/wmt ($110/wmt) FOT and including the 13% VAT, unchanged from a week earlier, while Mysteel SEADEX 62% Australian Fines had risen by a tiny $0.7/dmt on week to $104/dmt CFR Qingdao. Last week, more integrated steel mills