Spot 63.5% Fe iron ore prices hold steady, further falls expected

May 23, 2012 | 04:27 AM |

China's imported iron ore market remained slack on Wednesday May 23 as sentiment was sapped further by lower steel prices. Mainstream prices of 63.5% Fe content Indian fines stood at $138-139 per tonne cfr China during the day, unchanged from Tuesday. "The market is still not good as steel prices remain in a downward trend," one iron....

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