Business
Iron ore price sinks as China vows to punish market manipulation – MINING.COM – MINING.com
Officials in Tangshan warned its steel mills to maintain market order and safeguard companies’ normal operations.
Spot prices of iron ore with 62% iron content for delivery to China, compiled by SteelHome consultancy, had declined $12 to $220.5 a tonne on Thursday.
Chinese builders have slowed purchases of steel-based materials after prices soared to record highs
China’s cabinet on Wednesday said that government departments would step up coordination on policies to stabilise the economy and accommodate the fast increase in commodity prices, same day iron ore price surged to a record $237.57 per tonne in New…
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