Spot 63.5% Fe iron ore prices drop to $147-148 cfr

May 03, 2012 | 07:06 AM |

China’s iron ore import market remained quiet on Thursday May 3, with prices expected to fall further. Spot prices of 63.5% Fe Indian fines stood at $147-148 per tonne cfr China, compared with $147-149 per tonne cfr on Wednesday. “The market is very weak at the moment. Buyers are scarce so a steel mill can get any iron ore it wants at a reasonable price,” an iron....

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