Imported iron ore market kept running weak with fewer enquiries and transactions. The price of mainstream fines dropped RMB 5/tonne in Shandong, leaving PB fines sold at RMB 530-535/tonne. According to steelmakers, supervisory personnel had entered their factories to monitoring the limitation in production of sintering machines and furnaces facing the coming APEC. Some steelmakers also stated that even production lines of steel had been shut down.
Source: hellenicshippingnews
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