China's portside iron ore trading active.

China's imported iron ore prices recorded some gains on January 8, with Mysteel's portside iron ore index up Yuan 7/wmt ($1/wmt) on day to reach a two-month high of Yuan 704/wmt FOT Qingdao including 13 percent VAT. As for the seaborne market, Mysteel assessed the 62percent Australian Fines Index at a three-month high, up $0.85/dmt on day to $95.15/dmt CFR Qingdao. On Wednesday, steel mills in North China were relatively...

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