SHANGHAI, Feb. 17 (SMM) – The price of iron ore concentrate is expected to rise after the Chinese New Year holiday, but any gain will be small, Shanghai Metals Market’s ferrous branch Steelease foresees. 

Transactions in domestic Iron concentrate were thin ahead of the Chinese New Year holiday, which falls on Feb. 18-24.  

The average operating rate at major Chinese private-owned iron mines fell to less than 44% in January, and is expected to drop further around to 30% in February, according to Steelease survey. 

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