Tag: Bio Steel
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China: Spot Iron Ore Prices fall further; Baosteel reduces Price
Spot Iron ore prices in seaborne market continue to fall owing to lower demand and increasing supply from global miners. Iron ore prices have corrected further by USD 0.5-1/MT after China’s 2nd largest steelmaker, Baoshan Iron & Steel (Baosteel) announced to reduce its main product prices for October delivery by RMB 100/MT (USD 16.3/MT). October…