Iron ore prices continue to slide this week as Chinese steel market remained sluggish and the availability increased from iron ore miners across the world

The Steel Index Ltd ore with 62% content delivered to the Chinese port of Tianjin fell 1% to USD 102.70 per dry tonne the lowest level since September 2012.

The Australian PB Fines 61.5% from Dampier/Hedland ports with 8% moisture have dropped to USD 102 to USD 104 per tonne CFR China

The Brazilian SFOT iron ore fines 63.5% from Tubarao/PDM ports have also slid to USD 102 to USD 104 per tonne CFR China

The China Iron Ore Price Index CIOPI, compiled by the China Iron and Steel Association (CISA), the China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters (CCCMC) and the Metallurgical Mines' Association of China (MMAC) has dipped to 368.6 as on May 7th 2014 down by 18% from 448.7 as on January 9th 2014