UTC+8 ( BJT)

WEEKLY: China mills’ iron ore demand stable, prices up


Iron ore demand among Chinese steel mills remained stable over the April 6-9 week, with ore prices strengthening further in tandem with the rise in domestic steel prices, according to market sources on Monday.
By April 9, Mysteel SEADEX 62% Australian Fines had gained another $6.2/dmt on week to $172.3/dmt CFR Qingdao, a one-month high, while Mysteel PORTDEX 62% Australian Fines in Qingdao had also risen further by Yuan 11/wmt ($1.7/wmt) on week to Yuan 1,152/wmt FOT and including the 13% VAT. “The domestic steel


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227