WEEKLY: China’s iron ore concentrate prices drop
Nov 11, 2019 17:30
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China’s steel mills cut buying prices of domestic iron ore concentrates over the November 4-8 week by Yuan 15-30/tonne ($2.1-4.3/t) as the steelmakers preferred to buy imported iron ore than concentrates because the latter was more expensive, Mysteel’s latest weekly survey published last Friday showed. In addition, the latest emergency production curbs had dulled the mills’ appetite for procurement.
The mills are mainly located in North China’s Hebei province and East China’s Shandong and Anhui provinces and are near to ports, which means the steelmakers have more choice between imported and domestic iron ores and so can weigh up the price merits of each, Mysteel Global understands.
Thus, with the