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Reuters reported on low steel demand in China and its effect on the dropping iron ore price.
Reuters reported on low steel demand in China and its effect on the dropping iron ore price.
As quoted in the market news:
Poor demand for steel in China, the world’s largest producer, has also spilled over to the iron ore market, with benchmark 62-percent grade ore .IO62-CNI=SI falling for the eighth consecutive day on Friday to $125 a tonne.