Friday, May 20,
Spot Iron ore market in China remains steady on Friday.* Buyers have held their purchases as uncertainties build on the property market due to tightening of credit.
Fe 63.5/63 of Indian cargo is being offered at $183-$184/MT on CNF China basis.
According to traders based in China, “Buyers are not very aggressive right now as tightening of money supply has frayed the outlook for steel demand. A lot of them have returned to their wait and see mode”
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