Tag: China iron ore demand
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China’s iron ore demand weakens on low steel margins
Many Chinese steelmakers signalled reduced demand for iron ore over the November 15-19 week, mostly because they had either constrained their production or were unwilling to ramp up production after their finished steel margins declined further. By November 19, the domestic HRB400E 20mm dia rebar price under Mysteel’s assessment had fallen to Yuan 4,716/tonne ($738/t)…