MONTHLY: China's import iron ore prices to lose ground in Oct

China's imported iron ore prices are poised for more downside risks in October as oversupply pressure intensifies amid robust shipments from major suppliers and relatively weak ore demand from loss-making steel mills, Mysteel predicts in its latest monthly report on the commodity.

In fact, overall iron ore prices have been declining steadily since reaching their recent peak in early September. For example, Mysteel SEADEX 61% Australian Fines -- a mid-grade benchmark for seaborne iron ore pricing in China -- fell below the $90/dmt mark to $89.55/dmt CFR Qingdao on October 9, hitting the