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Spot iron ore prices keep flat at US$143~US$145/ton CFR
It’s reported that China’s iron ore market has stabilized on Monday after the steel prices are supported by easing of bank lending rules.

On Monday, the spot prices of Indian iron ore fines contain 63.5% Fe kept flat at US$143~US$145/ton CFR.

It’s known that the Chinese Central Bank cut the bank’s cash reserve requirements by 0.5% points, becoming effective from February 24th.

News Date 2/21/2012 11:36:04 AM reported by Steffan Wang
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