WEEKLY: China sees more seaborne iron ore trading

China’s market for imported iron ore saw more trading for seaborne ore cargoes over July 6-10 amid the healthy profits that imported ore still offers, Mysteel Global noted from market sources.
“Some iron ore traders were actively selling their seaborne cargoes over the past week, but their offering prices were relatively firm. Nevertheless, buyers – both steel mills and traders – were also willing to take on some quantities to enjoy the relatively competitive prices against port inventories,” a Shanghai-based market


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