WEEKLY: China's domestic iron ore concs prices slide further

Prices for domestically-produced iron ore concentrates continued to fall across major producing regions over the past sample week, as downstream steelmakers' buying interest in the feed ore remained subdued amid squeezed steel margins, Mysteel's survey findings showed.

As of October 16, for example, the offering price for 66% Fe grade iron ore concentrates in Tangshan in North China's Hebei province, China's largest steelmaking hub, had slipped 0.7% from the prior week to Yuan 695/wmt ($104/wmt), while that for the same grade of concs in Chaoyang in