The price of Iron ore imports fell below$80, near the bottom of the market price.

It is the first time for the price below $80 perton, and the tendency of decline has been lasting for 7 weeks.

The Chinese iron ore are under the samesuffering, keeping decrease for a long while.

The price of building steels still in thedecline, the market of hot-rolled coil maintains turbulently. There are somemarkets in the same situation, cold-rolled coil, pre-painted steel coil, stripsteel, steel pipe and proximate matter are all include.

“Under this circumstance, Chinese steelfactories has achieved some benefits, but their incompetent of profit earning stillcannot be solved fundamentally” said Lu Bing, the editorial director of Platts in China.