Iron Ore-Spot prices extend decline, swaps head lower

* Mysteel offers down 5 percent in late February

* Indexes retreat to more than one-month low

* Swaps extend losses, outlook uncertain

* Indian futures trade flat

(Updates rebar futures, adds India futures, traders' quotes)

By Ruby Lian and Siddesh Mayenkar

SHANGHAI/MUMBAI, Feb 25 (Reuters) - Spot iron ore prices to China fell for a fourth-straight session on Friday to a level last seen in late January, on concerns over slowing demand with steel mills expecting further declines.

Indian ore with 63.5 percent iron content was quoted in China at $191-193 per tonne including freight on Friday, versus $193-$195 on Thursday, Chinese industry consultant Mysteel said.

"The overall market is still under a bearish atmosphere. It is still too early to say when a turning point will come," said an iron ore trader in Shandong province.

Iron ore hit $200 per tonne in mid-February, the highest level since February 2008, but a lull in trading as steel mills held back on purchases has dragged down prices by almost 5 percent.

A few deals were concluded at below $190 per tonne including freight this week, as buying from top consumer China continued to wind down.

"I have not heard of China buying from many days, and even enquiries are less. I had no enquiries since 15-20 days, the last deal was done in the first week of January," said Somshri Patnaik, partner at PM Minerals, an iron ore trader in the eastern Indian state of Orissa.

Three global iron ore indexes also fell on Thursday, touching a more than one-month low, as the whole metals complex was saddled by worries that rallying oil prices due to the unrest in North Africa and Middle East will limit global growth.

The Platts' 62 percent iron ore index IODBZ00-PLT tumbled $2 to $184.75 per tonne including freight, the lowest level since Jan. 17.

Metal Bulletin's 62 percent index .IO62-CNO=MB slumped $2.98 to $183.58 per tonne, the lowest since Feb. 8, and the Steel Index's 62 percent gauge .IO62-CNI=SI slipped 80 cents to 184.1 per tonne, the lowest since Jan. 19.

The benchmark rebar contract for October delivery on the Shanghai Futures Exchange closed at 4,869 yuan ($740.2) per tonne, down 0.4 percent from the previous close and at a near two-month low.

SWAPS DOWN, FUTURES FLAT

Singapore Exchange-cleared swaps fell again on Thursday, trending downward over the months ahead, reflecting the concern of market players over near-term demand and prices.

The contract for March slid $1.57 to $167.1 per tonne, April slipped $1.12 to $158.05 per tonne, and May declined $1.37 to $156.3 per tonne.

The most-active 62 percent ore for March delivery on the Indian Commodity Exchange s little changed at 8,037 rupees ($177) per tonne, including freight cost to northern China.

A similar contract on the Multi Commodity Exchange barely moved at 7,596 rupees per tonne, free on board.

The two exchanges launched the world's first iron ore futures contracts on Jan. 29, but volumes have been modest with trading limited to domestic players.

Iron ore supplies from India, the world's third-largest iron ore exporter, have been limited following a ban on shipments from southern Indian state of Karnataka, the second-biggest producing state, which is currently being appeal in the Supreme Court.

Eastern Indian state of Orissa and central state of Chhattisgarh are also seeking a ban on shipments of the steel making ingredient. ($1=6.578 Yuan) ($1=45.37 Indian rupees)(Editing by Chris Lewis and Ramthan Hussain) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)