UTC+8 ( BJT)

WEEKLY: Domestic prices of Chinese iron ore concs vary


The trends in prices of domestically-produced iron ore concentrates being offered across China were mixed over November 22-26, with prices in most regions continuing to decline under the weight of steelmakers' poor demand. On the other hand, prices in Northeast China's Liaoning increased after miners found that imported ore prices were recovering.
Steel mills in many areas continued to lower their bidding prices for domestic iron ore over the past week, reflecting the further softening of their demand in respondence to increasingly frequent government-mandated restrictions on production, according to a Shanghai-based analyst.   For example, as of November 26, the offering price of 66% Fe


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

+65 6653 8227