Spot 63.5% Fe iron ore prices down $1 this week

May 04, 2012 | 06:37 AM |

China's imported iron ore prices dropped slightly this week as market sentiment was hit by weak steel prices. Spot prices of 63.5% Indian fines on Friday May 4 were at $147-148 per tonne cfr, unchanged from Thursday’s levels but down $1 for the week. "Steel mills still have some stockpiles, so they are not that eager to enter the market and are....

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