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Iron ore price craters on Chinese steel output cuts

mining.com
 2021-07-30

Cover picture for the articleIron ore prices tumbled on Friday, collapsing under the weight of China’s resolve to reduce steel output in line with its decarbonization drive, and slowing domestic demand for the construction and manufacturing material. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $181.57...

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