Stockpiles of iron ore at 25 major mainland ports rose last week, Xinhua reported Tuesday, citing its China iron ore index report. In the week to Nov. 25, inventories stood at 81.11 million metric tons, up 1.63 million tons, or 2.05 percent, over the previous period, the report said. Steelmakers showed little desire to buy iron ore because the downstream market has not rebounded, it said. Oversupply has also held prices down, pointing to lower prices for imports next year, the report said.
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