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Iron Ore in Record Slide as China Demand Slows

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Reuters reported iron ore’s steepest ever price slide on Tuesday reflects slowing growth in top consumer China.

Reuters reported iron ore’s steepest ever price slide on Tuesday reflects slowing growth in top consumer China.

As quoted in the market news,

 China’s appetite for iron ore has weakened with slowing steel demand from the construction sector, pushing down prices for the steel-making ingredient nearly 30 percent since early September.

Click here to read the full Reuters report.

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