China's price of iron ore is likely to go down with the easing of tension in supply, said the Ministry of Commerce (MOC).

   According to MOC survey, China's iron ore price has surpassed the sharp ups and downs stage and became steady in May.

   According to the survey, China's domestic average price of iron ore was 1,530 yuan per ton, rising two percent over early this month.

   At present, China is speeding up increase of production of iron ore, helping relax tight supply of iron ore.

   China's output of raw iron ore reached 235 million tons in the first four months of this year, rising 25.4 percent year on year.

   At the same time, supply of iron ore has also increased on international market.

   In order to reduce the stockpile of iron ore in ports, Chinese ports have raised charges on iron ore stockpiling by 100 percent.