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Reuters reported there is more pressure on iron ore prices which languished near 31-month lows as weak steel demand curbed appetite for the raw material.
Reuters reported there is more pressure on iron ore prices which languished near 31-month lows as weak steel demand curbed appetite for the raw material.
As quoted in the market news:
…spot iron ore prices having fallen 24 percent and Chinese steel down 16 percent from their 2012 peaks, some analysts and traders are starting to think both markets could soon hit bottom on expectations demand may pick up in the fourth quarter.