WEEKLY: China's import iron ore prices stay firm

Chinese prices for imported iron ore continued to increase last week, albeit slightly, as steel prices were bolstered by a steady recovery in steel demand from end-users, according to Mysteel's latest weekly report.

By April 24, Mysteel PORTDEX 62% Australian Fines in Qingdao had risen by Yuan 2/wmt ($0.3/wmt) on week to Yuan 771/wmt FOT and including the 13% VAT, while Mysteel SEADEX 62% Australian Fines also settled higher at $109.05/dmt CFR Qingdao, up $0.95/dmt on week. Steel consumption among end-users picked up