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Reuters reported weak steel demand in China continues to push iron ore prices lower.
Reuters reported weak steel demand in China continues to push iron ore prices lower.
As quoted in the market news:
Steel’s weakness is also likely to sustain the decline in spot iron ore prices. Price offers for imported cargoes in China were steady for a second day on Friday, traders said.
Benchmark iron ore with 62 percent iron content slipped 0.2 percent to $134.80 a tonne on Thursday, its second straight day of decline, based on data from Steel Index.
