International iron ore prices fell below US$/ton on March 30 of this year. China’s 62% ore prices dropped slightly by US$0.7/ton, at US$53.5-54.5/ton, falling below market expectations of US$55/t on, but also for 6th straight days declined.

It predicts that China steel market demand will turn to weak in shortly, attracted market attention.

After the Chinese new year this year, international iron ore prices pushed up to the highest at US$63.65/ton on March 7, but dropped sharply by 15.9% end of March 30 this year.

• [Editor:Chen Zhen Seng]