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Reuters reported sellers of iron ore slashed prices further on Tuesday as spot rates fell the most in a month.
Reuters reported sellers of iron ore slashed prices further on Tuesday as spot rates fell the most in a month.
As quoted in the market news:
Sluggish Chinese steel demand has kept mills from buying more iron ore after replenishing run-down inventories in the first three weeks of November soon after spot prices fell to 22-month lows of below $117 a tonne.