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Iron ore prices fall by 13% m-o-m in July on weak demand
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According to report, iron ore prices dropped further by about 13% from a month earlier in July due to China’s steel demand weak.
Iron ore price reached to the lowest of US$115.2/ton last week in these 2.5 years and is expected to drop further to US$110/ton.
China’s steel price turns lower which also reflects the weak demand. The smaller producers may go for maintenance to cut output and losses.
News Date
8/6/2012 4:02:49 PM
reported by
Judy Lin
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