Despite the expectancy of a revival in Iron ore prices after Lunar Holidays cheers is eluding the ore market. Even though recent optimism can be justified in view of the higher offers from Australian and Indian supplier’s verdict remains ambiguous.

Chinese steel market has remained nonchalant after the holidays dispelling aspirations of revival. As a result domestic mills shy of buying lest it is essential. However some buying would be inevitable,
with some mills running on low stocks.

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