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Iron ore average 2017 YTD price remains above $75/t

Iron ore average 2017 YTD price remains above $75/t (May 23, 2017)

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Last week the Kallanish iron ore benchmark recovered somewhat and supported Chinese finished steel prices. While the recovery was welcomed in the market, it is uncertain how long this could last going into June as stocks remain at record highs and traders in South-East Asia are bidding for lower levels.

 

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