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Iron ore price falls to lowest in 18 months on dismal demand outlook – MINING.COM – MINING.com
China’s monthly steel production has been falling since July after seeing double-digit growth in the first half of the year.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $87.27 a tonne, down 4% from Wednesdays closing, the lowest since May 2020.
“The price of iron ore has not yet bottomed out,” analysts at Zhongzhou…
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