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Medium Fe-grade iron ore back in favour with China mills


China's blast-furnace steelmakers have fallen back in love with medium-Fe grade iron ore products recently, shunning the lower grade ores they had shown a determined preference for previously, as medium grade ore promises improved cost-effectiveness, given the poor finished steel margins mills are earning, according to market source.
"We're observing that some medium-grade iron ore products have become more popular among buyers in these past few days," a Shanghai-based market source remarked Friday, adding that this week, most deals concluded at ports in Tangshan in North China's Hebei and Shandong in East China involved ore products such as


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