Tag: Lange feed
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China: Factors that may keep iron ore futures weak
A sharp decline in raw material costs has recently led to a rebound in steel mills’ profits, even as prices of finished steel products have fallen considerably. While metallurgical coke prices underwent eight successive rounds of declines totalling RMB 1,500/t ($235/t) in November; iron ore prices gradually approached historical lows. Tangshan steel mills lift output…