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China steel, iron ore retreat again; volatility seen persisting

Steel and iron ore futures in China fell more than 4 percent on Tuesday, again recoiling after big gains in the prior session as Chinese steel producers boost output and exchanges keep a closer eye on commodity markets after recent ...

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China iron ore, steel rout extend as demand fears drag

Iron ore futures in China sank to their cheapest since July on Thursday as Shanghai steel prices plumbed a record low amid mounting fears over wilting demand. Other China-traded commodities from base metals to rubber were also sold off, reflecting ...

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Northern Chinese steel mills news weighs Iron Ore market

News of northern Chinese steel mills shuttering furnaces continues to circulate in the iron ore market, as well as dominating talk at the conference still going on in Shanghai, wearing heavily on sentiment, as per the Steel Index. An Australian ...

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Iron ore heads for worst October since 2011 as supply overwhelms

Iron ore, after breaching $50 a tonne this week for the first time since July, is headed to close the month with its worst October showing in four years as a global glut overwhelmed a market hit by slowing Chinese ...

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Iron Ore Below $50 Hits Miners as Rio Tumbles 5.1% This Week

Iron ore is rounded out another poor week, capping another bad month in what’s shaping up to be another tough year as the world’s largest miners boost low-cost output while China’s steel demand contracts. Prices recorded a third weekly loss ...

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Argentina iron ore imports plunged in June

The iron ore imports by Argentina dropped sharply during the month of June this year, says recent trade statistics released by the country’s National Institute of Statistics and Censuses (INDEC). SAO PAULO (Scrap Monster): The trade statistics released by the National ...

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Iron ore seen headed below $50 as ’permanent decline’ looms

Iron ore will tumble back below $50 a metric ton next year as expansion of low cost output from the biggest producers eclipses supply exits, according to CLSA Ltd. China’s annual imports are poised to drop from 2017, it said. ...

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Iron ore near one-month low, under pressure from weak China steel

Spot iron ore prices dropped to their lowest in nearly a month, under pressure from a weaker steel market in top consumer China that plunged Shanghai steel futures to a record low this week. Traders were not confident that a ...

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US iron ore exports plunged in June

According to most recent data released by the US Department of Commerce (US DOC), the country’s iron ore export volumes declined significantly during the month of June this year. The US iron ore exports totaled 768,000 tons during the month. ...

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Iron ore deliveries resume from blast-hit Tianjin port

Iron ore deliveries have resumed from the blast-hit Chinese Tianjin port. The road leading to Nanjiang port area was reopened Friday night. BEIJING (Scrap Monster):  According to industry sources, iron ore deliveries to local steel mills from Tianjin port have resumed. One of ...

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