Author: Alok Thakur
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China: Low Steel Demand slow down Iron Ore Market
Spot Iron ore prices decreased by USD 1/MT on low Iron Ore transactions. Steel mills and traders show less interest in buying as market is very flexible, Upsurge in Iron ore stocks at Chinese ports is also a reason for low buying. Seaborne Iron ore prices for Fe 53/52 grade material are at USD 80/MT…