Downtrend in prices to settle in February at earliest

摘要

Iron ore prices decreased by 3?4% in the long-term contracts in Rus? sia in November. Spot prices were also going down at the beginning of the month, but in mid-November suppliers lifted offers by 8?10% amid a dramatic improvement of the global market environment. At the same time, this caused no impact on the average level, as suppliers failed to fix the price increase in contracts.