Spot iron ore demand, prices ebb lower despite steel strength

摘要

Spot iron ore prices and demandebbed lower Wednesday, as end-users doubtedthe longevity of the recent rally in steel. Platts62% IODEX was assessed $1.25/dry mt lower at$56.75/dmt CFR Qingdao.Sellers were eager to offload cargoes,but even lower prices failed to spur firm bids,sources said.