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Spot 63.5% Fe iron ore prices up $1-2 for the week

March 29, 2013 - 10:02 GMT Location: Shanghai

KEYWORDS: Spot 63.5% , iron ore

China's imported iron ore market showed signs of strengthening at the end of the week on tight supply and restocking by mills.

Mainstream prices of 63.5% Fe content Indian fines stood at $137-138 per tonne cfr China on Friday March 29, up $1 from yesterday. Prices are also $1-2 higher compared with a week earlier. "More steel mills returned to the market this week as their iron ore stocks are running low," one iron ore trader in Shanghai said. "Traders have regained confidence as spot prices are...

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