Spot iron ore prices in China remain unchanged on Friday morning. Buyers are certainly hesitant to take position as few big steel mills have cut offers for August deliveries.
“There is hardly any new contract being signed, buyers are more interested in cargoes available on ports.Also with summer season going to start in China, there is will power cuts and quite a few small mills will cut productions.” reported local sources at Qingdao (China).
Big Indian exporter heard to offering 63.5/63% Fe at $139/t CFR, but no deals are heard to be concluded.
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