WEEKLY: China's import iron ore prices strengthen further

Following a mild increase the previous week, Chinese prices for imported iron ore rose further during the week of August 10-14, underpinned by recovering steelmaker margins and a pickup in steel production activity, according to Mysteel's latest weekly report.

On August 14, Mysteel PORTDEX 62% Australian Fines was assessed at Yuan 693/wmt ($102.8/wmt) FOT and including the 13% VAT, up Yuan 5/wmt from the previous week, while Mysteel SEADEX 62% Australian Fines also climbed $1.2/dmt on week to $97.3/dmt CFR Qingdao. The price gains were chiefly driven by resilient