Reuters reported that the iron ore prices were offered up to about US$190/ton in China's spot market on Tuesday.
However, steelmakers are careful on purchasing due to the uncertainty in global economy outlook.
Taking about half of world's steel output, China's daily crude steel output has stayed over 1.9 million tons since this February, and the same figure of 2011 was averaged at about 1.7 million tons.
For the prospect, the analysts don't see big improvement in iron ore price, citing the market worries over the US's slowdown and Europe's sovereign debt troubles