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Iron Ore-Prices steady as buyers wait, quality issues raised
May. 20, 2011 07:35AM PST
Base Metals Investing Reuters reports iron ore prices on the Chinese spot market were unchanged on Friday, with traders still cautious and end-users running down their inventories.
Reuters reports iron ore prices on the Chinese spot market were unchanged on Friday, with traders still cautious and end-users running down their inventories.
The market news is quoted as saying,
Indian ore with 63.5 percent iron content was being offered at $183-$186 per tonne including freight on Friday, unchanged from Thursday, industry consultancy Umetal said. Prices have drifted down by $3 since the end of last week.
