Tuesday, July 26,
Spot iron ore prices in China remain unchanged as the recent restocking by Chinese steel mills since early July seems to come to an end.
Offers for Fe 63.5/63 of Indian fines remain firm at $182-$184/MT, i.e. same as the previous week’s quotes.
According to traders in China, “Spot iron ore prices are standing firm this week, but I feel that transactions have slowed down as this round of restocking by steel mills has almost been completed and steel prices have also eased slightly”.
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