MONTHLY: China's iron ore prices seen strengthening in March

Although imported iron ore prices in China dropped in February under the pressure of mounting port stocks, they are expected to gain momentum this month, as demand will strengthen along with planned production increases among steelmakers, according to Mysteel's latest monthly report on the commodity.

The Mysteel SEADEX 62% Australian Fines index averaged $100.6/dmt CFR Qingdao throughout February, lower by $5.5/dmt from $106.1/dmt in January. The decline was largely attributed to oversupply of the steelmaking raw material as reflected in the elevated port stocks, the report suggests. The inventories of imported iron ore at the