March 05, 2012
Shanghai: China’s imported iron ore market stayed firm for the third consecutive trading day, with most market participants remaining on the sidelines amid mixed sentiment.
Prices of 63.5% Fe content Indian fines stood at $147-149 per tonne cfr China on Monday March 5, unchanged since last Wednesday. "The market is generally stable today, as it has to take a break after the recent rises as the price meets more resistance when it reaches such high levels," one iron ore trader. For more read visit MetalBulletin.com
KEYWORDS: China , steel , iron ore , spot prices , 63.5% Fe
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