Prices for seaborne iron ore froze at a little above $64/t CFR as Chinese mills showed scant interest in committinggiven squeezing margins. Australian iron ore fines 62% Fe was assessed at $64.5/t, unmoved since Friday. “There is no chance that mills wouldaccept current prices given falling steel and narrowing margins. Only traders buy now,” a seller told Metal Expert.Prices for rebar in China declined by RMB 15/t over a day, and by RMB 35-40/t over a week.
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