Tag: Iron steel
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China weekly: Steel prices weaken on thin trading during holiday period
The Chinese steel market witnessed a downward trend in prices across product categories during the Christmas and New Year holidays. In general, end-user demand remains weak during the winter season. 1. Spot iron ore prices fall: Spot iron ore fines (Fe 62%) prices fell from $125/tonne (t) CFR China levels and closed at $119/t CNF…