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Iron ore prices remain weak as China mills keep away from market

Posted on 13 March 2013

Iron ore prices remained weak as China mills mostly abstained from purchasing as they are sufficiently stocked with the raw material. Little buying interest was visible towards weekend, reports said.
Iron ore fines 62% fe content at Tianjin port fell 2.9% to $146.3 per dry ton while 58% Fe fell 1.5% to $137.8 per dry ton, according to The Steel Index (TSI). At Qingdao Port, 62% Fe. 2% Al on a 5-day average basis fell 3.4% to $147.4 per dry ton while 63.5%/63% Fe fell 3.3% to $149.1 per dry ton………………………………………..Full Article: Source


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