Spot iron ore prices stabilize

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Publish time: 17th May, 2012      Source: ChinaCCM
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Currently, the spot iron ore prices have stabilized after the sharp dip.

At present, the spot prices of Indian iron ore fines contain 63.5% Fe remained stable at US$140~US$142/ton C&F.

It's known that the spot iron prices have decreased by US$8~US$10/ton recently, caused by lower purchase from Chinese buyers due to decreased steel prices