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

ABSTRACT

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

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