At present, Indian fine ores of 63.5 percent grade are offered at $139.4/mt at Qingdao port. Meanwhile, the quotation of 66 percent iron ore concentrate in Tangshan stands at $131.4/mt, and the price of the same material is at $110.6/mt in Beipiao, both excluding VAT. Prices of imported and domestic production iron ore in China can be viewed in the SteelOrbis price reports section.
While small and medium-sized steel producers in China are actively purchasing domestic iron ore supplies, they are more cautious as regards purchases of imported materials, just buying small quantities. In the short term, it is expected that iron ore prices in the Chinese market will continue to follow their sideways trend.