Iron Ore Market Report September 2011
2011-11-28 14:45:49 【Print】
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Steel price continued high due to tight supply of iron ore early this month as domestic iron ore price kept rising. However, iron ore market went down by RMB80-100/t with low movements with the depreciation of steel prices since the middle of this month. Imported iron ore market was quiet. On the one hand, price ran high, on the other hand, downstream buyers waited for lower prices with the depreciation and high import inventories. By September 30, prices of Indian iron ore fines 63.5% were at USD179-180/t CIF and RMB1,300/t FOT with quiet movements.
