WEEKLY SUMMARY: China's steel raw mat markets stable during May Day holiday

Prices of key steelmaking raw materials including iron ore and coke in China held steady during the country's May Day holiday over May 1-5, while trading activity was muted as most participants left the market to spend the holiday.

Iron ore: Mysteel SEADEX 62% Australian Fines stood at $110.3/dmt CFR Qingdao on May 5, up $0.55/dmt from April 30, the last working day before the holiday. Market sources observed that low- and medium-grade fines and lumps have become increasingly popular among traders. During the holiday, most Chinese steelmakers maintained