It is reported that imported iron ore prices in Tangshan market remain steady. Miners’ offer for 63.5/63% Indian fines softens a little at USD 177 per tonne to USD 178 per tonne and that of 59/58% Indian fines is quoted at USD 144 per tonne to USD 146 per tonne.
Big steel mills still hold fence-sitting attitudes. Mills in Tangshan region hold an average of 45 days to 50 days stocks. Steelmakers express that buying activities would resume after the New Year’s Day. The majority of them believe steel prices would hold stable then, with tight supply seen in futures market and hard purchases for domestic iron ores.
In spot market, 63.5% Indian fines is posted at CNY 1300 per tonne to CNY 1320 per tonne, 58% Indian fines is offered at CNY 1000 per tonne to CNY 1020 per tonne, PB fines is fixed at CNY 1230 per tonne to CNY 1250 per tonne, 63.5% Brazilian coarse fines is settled at CNY 1300 per tonne to CNY 1320 per tonne.
(Sourced from www.Mysteel.net)
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