WEEKLY: China's domestic iron ore concs prices drop slightly

Chinese prices for domestically-produced iron ore concentrates held largely steady last week, but some regions experienced mild declines due to easing supply across the broader iron ore market, according to Mysteel's latest survey.

On January 23, the offering price of 66% Fe grade iron ore concentrates in Chaoyang, Northeast China's Liaoning province was assessed by Mysteel at Yuan 735/wmt ($105.6/wmt) excluding the 13% VAT, down by Yuan 5/wmt from a week earlier. Chinese miners continued to raise iron ore concentrate output last week,