BEIJING, May 21 -- Iron ore prices are starting to decline as the price of steel products keeps falling. Iron ore prices fell to less than 12-hundred yuan per ton in the second half of May, due to issues in the real estate market.

Many manufacturers have expressed their worries about the decreasing prices, and are taking a wait-and-see attitude. Analysts say the iron ore market will continue the downward trend, as there are no favorable signals on the horizon. But room for adjusting imported iron ore price is limited, so the market won't fluctuate.