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Iron ore stockpiles fall at China’s ports

Interfax | August 12, 2011 | 10:19 am China Europe Iron Ore 
Iron ore price extends gains
Peak steel?

Iron ore stockpiles at China’s 30 major ports fell 0.64 percent week-on-week to 94.74 million tons on Aug. 12, including 13.06 million tons of Indian iron ore stockpiles which fell 6.51 percent, according to Aug. 12 figures from Shanghai-based Mysteel Information.

The price of Indian iron ore grading 63.5 percent mostly stands between $186 to $187 per ton, down at least $1 from last week.

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