SHANGHAI, Sept. 1 (SMM) – The price of iron ore in China’s domestic market is expected to hold largely stable this week, Shanghai Metals Market foresees.
“Trading in China’s iron ore markets, such as Hebei and Shandong, will be quiet due to Beijing’s parade this week,” SMM says.
Last week, iron ore prices were down 20 yuan per tonne in some regions of Liaoning, but held steady in other major trading regions, according to SMM data.
Many domestic mines are unwilling to sell at lows and steel mills, on the other hand, are facing pressures from liquidity and profit conditions, SMM survey finds.
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