WEEKLY: China's import iron ore prices rangebound

Chinese prices for imported iron ore moved sideways during the week of August 17-21, as upward momentum was capped by widening losses among steelmakers which curbed their appetite for production and restocking, according to Mysteel's latest weekly report.

On August 21, Mysteel PORTDEX 62% Australian Fines was assessed at Yuan 692/wmt ($102.9/wmt) FOT and including the 13% VAT, down Yuan 1/wmt from a week prior, while Mysteel SEADEX 62% Australian Fines inched up $0.05/dmt on week to $97.35/dmt CFR Qingdao. Although Chinese steel prices have gradually firmed over