WEEKLY: China's import iron ore prices hold firm at elevated levels

Chinese prices for imported iron ore remained at relatively high levels during December 22-26, underpinned by resilient demand from steel mills, according to Mysteel's latest survey.

By December 26, Mysteel PORTDEX 62% Australian Fines in Qingdao had inched up by Yuan 2/wmt ($0.3/wmt) on week to Yuan 801/wmt FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines had dipped by a slight $0.15/dmt on week to $105.35/dmt CFR Qingdao. Iron ore supply in