Iron Ore-Prices steady as buyers wait, quality issues raised

- May 20th, 2011

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.

For the complete market news, click here.

Get the latest Iron Investing stock information

Get the latest information about companies associated with Iron Investing Delivered directly to your inbox.

Iron Investing

Leave a Reply