Spot iron ore prices in Chinese market almost remained unchanged despite falling steel prices, although chances of any decline is not expected said market participants.
“Buying interest is limited but not very bad as inventories on ports are reducing gradually. Steel mills are not hesitating placing orders in case offers are competitive.” said an iron ore trader based in Rizhao port.
Indian exporters more or less kept their offers unchanged at $122-124/t CFR for 63.5/63 Fe.
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