Author: Alok Thakur
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China: Lack of Credit & Smog Alert results low Iron Ore Purchase
Spot Iron ore purchase decreased by steel mills in China as they are facing credit crunch after sluggish steel demand. Smog Alert by the government is also putting pressure to decrease the output. Seaborne Iron ore prices have declined by USD 2/MT on 18 Mar, 2014 with the fall in traders interest for ore purchase.…