MONTHLY: China's import iron ore prices to strengthen in Sept

Although fundamentals in China's imported iron ore market are set to soften in September amid seasonally strong shipments, prices of the key steelmaking raw material are still expected to increase, supported by improving steel demand and likely pre-holiday stockpiling by steel mills, according to Mysteel's latest monthly report on the commodity.

Overall, iron ore prices stayed weak in August, with the monthly average price of Mysteel SEADEX 62% Australian Fines falling by $1.99/dmt on month to $97.58/dmt CFR Qingdao – the lowest since June last year. Yet the market staged a notable recovery over the month, as the index bounced from