Author: Nishtha Mukherjee
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China: The curious case iron ore demand drops but prices rise
Long-term prices of the steel-making raw material seen dipping below $100/t Prices of iron ore, after falling to $94/tonne (t) in Sept’21, have rebounded steadily since late last month. The current price of Fe62% fines is around $125/t, which is about $30/t higher than the low of $94 seen on 21 Sept, an increase of…