WEEKLY: China's domestic iron ore concs prices lose more ground

Chinese prices for domestically-produced iron ore concentrates in major production areas slid further during October 28-November 1, as demand from steelmakers weakened, while domestic steel prices declined as well, Mysteel's latest survey showed.

For example, on November 1, the offering price for 66% Fe grade iron ore concentrates in Tangshan in North China's Hebei province was assessed by Mysteel at Yuan 957/dmt ($134.7/t) EXW and including the 13% VAT, lower by Yuan 7/dmt on week. "Concs suppliers (in Tangshan) attempted to lift quotations