Spot Iron Ore Inches Up on Slow Steel Demand

Feb. 22, 2012 03:23PM PST

Reuters reported spot iron ore prices inched up as steel demand stays sluggish in China.

As quoted in the market news:

Pilbara fines with 61.5 percent iron content were being quoted at $136-138 per tonne including cost and freight on Wednesday, inching up $1 from the previous day, according to consultancy Umetal.

Iron ore with 62 percent iron content edged up 0.2 percent to $135.40 a tonne on Tuesday, according to reference price provider Steel Index.

Click here to read the full Reuters report.

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