According to the China Iron and Steel Association (CISA) , in late June (June 21-30) this year Chinese domestic production iron ore prices increased, while import iron ore prices started to decrease from already high levels.
At the end of June, domestic production iron ore concentrate prices in China averaged RMB 948.52/mt, increasing by RMB18.39/mt month on month. Meanwhile, prices of imported iron ore fines averaged RMB 993.84/mt (CIF), falling by RMB 93.59/mt month on month. The rise in domestic production iron ore prices came after nine consecutive weeks of downward price movement