IO pricing starting to look strong again.
Spot iron ore prices at $152-154 cfr
Shanghai Wednesday, August 11, 2010 10:29 AM
Spot prices for 63.5% Fe Indian fines gained another $2 on Wednesday to reach $152-154 per tonne cfr China, as Chinese steel producers raise ex-works prices. Shagang raised its rebar ex-works prices by 200 yuan to 4,260 yuan, and wire rod prices by 200 yuan to 4,280 yuan.