James McKay

The price of iron ore, China's top import commodity by volume, has held steady since the Chinese returned from the Golden Week holiday on Tuesday, with buyers not pressed to chase costly cargoes. Mills are restocking cautiously. Prices for downstream steel products are still under pressure although sentiment is a bit better, said a Shanghai-based iron ore trader. There were also plenty of cargoes on offer in the spot market, limiting price gains, traders said. The spot price is at $133


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