Iron Ore-Upturn stalls on slow China steel market

SINGAPORE - Iron ore steadied on Wednesday after a recent spike in spot prices spurred caution among buyers who are worried a slow steel market in top consumer China cannot justify sustained gains in prices of the raw material. Offers for imported iron ore in China were unchanged from Tuesday, with Australian Pilbara fines quoted at $143 to $145/t, Newman fines at $146 to $149 and Yandi fines at $131 to $133, Chinese consultancy Umetal said.

Full "Mining Weekly" article