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China’s imported iron ore prices continue rising

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Publish time: 15th November, 2011      Source: ChinaCCM
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Recently, China's imported iron ore prices have stayed in upward trend.

It's known that the prices of Indian iron ore fine contain 63.5% Fe increase to US$142~US$145/ton CFR on this Monday from US$140~US$142/ton CFR on last Friday.

It's said that the traders have been holding the products on hand and have been waiting for the further price rise.

Traders indicated that the iron ore prices may not drop in the near future if the steel prices remain stable