Tag: China iron ore price drop
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China: Iron Ore Prices Hit 4 Months Low Amidst Narrowing Steel Margins
Chinese spot iron ore prices assessed at USD 64.75/MT, CFR China, yesterday (i.e.27th Nov), drop down to 4 months low as the prices were last observed towards mid-July. The Chinese iron ore prices have witnessed fall of 14% this week as against USD 75.45/MT, CFR China last week. The prices for high grade ore depicted…