Prices of imported iron ore are hot topic in these days,especially in commercial manufacture.Because of prices of imported iron ore will affect manufacture cost . But this is true? Whether this situation will keep a long time?

Prices of imported iron ore continued to rise last week. The index for 63.5-percent-purity iron ore imports increased by 3 points to reach 182 points, while the index for 58-percent-purity iron ore imports climbed by 2 points to hit 150 points. The country's steel companies have purchased fewer raw materials recently, as sales of steel products are traditionally slack in July. This resulted in a rise in iron ore stockpiles at major sea ports last week . India's growing demand for iron ore will lead to reduced shipments from the country to China, pushing up the price of the key ingredient in the world's second-largest economy. Prices of imported iron ore are likely to maintain their upward momentum in the short term. according to the Xinhua-China.

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