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 product is at $110.6/mt in Beipiao, both excluding VAT. Prices of imported and domestic iron ore in China can be viewed in the SteelOrbis price reports section.
In the given week, steel mills have been pushing for lower prices, while traders have been sticking to their existing offer levels, and this situation has had a negative impact on actual transaction volumes. It is expected that iron ore prices in China will continue to trend sideways in the coming week.