China: Spot Iron ore prices unchanged

• Spot Iron ore price unchanged due to weak Steel`s demand
• Shanghai Steel Rebar Future trading at 11 Week low

Seaborne spot Iron ore prices unchanged on 26^th
September. SteelMint assessed that grade 63.5/63 Iron ore is at USD 133 CNF
China.

China:

Spot Iron ore prices remain firm because of weak demand for
the raw material. Traders in China are expecting some decrease in price of Iron
ore before National day holiday as the supply of Iron ore is increasing at the
port.

Shanghai Steel Rebar Future is trading at its eleventh week
low, due to weak demand of steel. Rebar Future touched intraday low of Yuan
3605 and closed at Yuan 3613 that is down by Yuan 12.

Daily crude Steel production is at healthy 2.1 MnTPD
despite decrease in Steel demand. Steel mills are expecting that the demand will
roll back in October with increase in construction activities.

Less trading done of which one miner sold 170,000MT of
Iron ore by tender through Globalore at USD 2.3/MT. Some traders at Shandong
port sold Fe 61%PB Fines at RMB 915/MT. Australian PB Fines grade 61.5
unchanged at USD 132 CNF China.

Billet EXW price down by RMB 10 to RMB 3010.

USD 1 = RMB 6.1477