WEEKLY: China domestic iron ore prices firm after CNY

Chinese prices of domestically-produced iron ore concentrates have strengthened in all markets nationwide since trading resumed after the Chinese New Year holiday officially ended on February 4, Mysteel's latest survey showed.

The price increases were supported mainly by recovered iron ore buying demand among steelmakers, as most mills consumed their own concs stocks during the eight-day national holiday and were keen to rebuild them, Mysteel Global learned. As of February 10, for example, the offering price of 66% Fe grade iron