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Source: https://www.mining.com/iron-ore-price-down-on-easing-steel-demand-in-china/
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Iron ore prices dropped on Tuesday, weighed down by easing steel demand in China due to unfavorable weather and threats of market intervention by Chinese authorities.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $212.33 a tonne on Tuesday, down 2.7% from Monday’s closing.
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Iron ore prices dropped on Tuesday, weighed down by easing steel demand in China due to unfavorable weather and threats of market intervention by Chinese authorities.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $212.33 a tonne on Tuesday, down 2.7% from Monday’s closing.
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