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Iron ore prices surge with mills’ resumption expectation, DCE futures hit price upper limit Iron ore prices increased further on Tuesday November 23, supported by the likely production resumption at steel mills and bullish macro factors in China, sources said.
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A ban on steel exports is one way China might achieve it’s aim of reducing the price of iron ore and delivering a fresh blow to its trade-war target, Australia.
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WhatsAppGet PriceGet A QuoteIron ore prices down, mills step up furnace maintenance in north China. Seaborne iron ore prices edged lower on Friday November 12, after more steel mills took the opportunity to carry out blast furnace maintenance after margins tightened significantly over the week, sources told Fastmarkets. Fastmarkets iron ore indices.
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