SteelHome: Seaborne Iron Ore Price Kept Dropping as Shipments from Overseas Miners to Increase The average price of China domestic-produced iron ore concentrates at 14 main markets in China was 799 yuan/t on May 26, 2020, up 1 yuan/t from the previous trading day. It is expected that prices of China domestic-produced iron ore concentrates may stable in the near term. Imported Iron Ore: the seaborne price kept dropping on Tuesday. Overseas iron ore price from SteelHome: 61%-Fe PB fines was 94-95 dollars/t (CIF); 65%-Fe IOCJ was 111-112 dollars/t (CIF); 58%-Fe Yandi fines was 84-85 dollars/t (CIF), down around 2 dollars/t from the prior trading day. At ports, the spot price for imported iron ore decreased by 10-15 yuan/t on Tuesday. Subscribe SteelHome website to find more China Iron/Steel market information you're interested in.