China iron ore, steel prices steady; outlook mixed on future direction

Dec 23, 2005 | 08:33 AM | Hongmei Li

Iron ore and steel prices in China are largely unmoved in quiet end-of-year trading, market participants said.

A lack of reported progress in benchmark iron ore talks and new moves by Beijing to clamp down on China's steel industry are keeping spot iron ore business quiet, they said.

Iron ore import prices were unchanged from the prior week's $68 to $70 a tonne c.f.r. for fines and $85 to $90 a tonne c.f.r. for pellets. Few deals are expected to be concluded until there is more certainty about benchmark prices and government policy, traders said.....

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