(Bloomberg) -- Iron ore futures tumbled as China’s top steel-making hub ramped up efforts to control a dizzying surge in prices. Futures in Dalian dropped the daily limit, while prices in Singapore extended a slump from a record $233.
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Graphic: China crude steel production vs steel margins (tmsnrt.rs/2HRJEsH)Four other mill managers said their iron ore inventory had dropped to less than 15 days of use, lower than the normal
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The steelmaking sector accounts for about 15 percent of China''s emissions. Increased production capacity at the steel mills boosted iron ore prices on Monday. The most-traded September iron ore
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The steelmaking sector accounts for about 15 percent of China''s emissions. Increased production capacity at the steel mills boosted iron ore prices on Monday. The most-traded September iron ore
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Iron ore miner Fortescue Metals has provided some comfort that the large build-up of steel inventories in China over the past few weeks could be quickly soaked up by stimulus packages and the
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Iron ore’s slump from a record accelerated as China ramps up efforts to control a dizzying surge in prices. Futures in Dalian dropped the daily limit, while prices in Singapore tumbled 11% as
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By 2008 raw materials such as Iron ore prices grew and China had to reluctantly agree to price increases by the three largest iron ore producers in the world; BHP, Rio Tinto and Vale. During the Global financial crisis the Chinese steel mills won price reprieves as demand from their customers slowed.
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By 2008 raw materials such as Iron ore prices grew and China had to reluctantly agree to price increases by the three largest iron ore producers in the world; BHP, Rio Tinto and Vale. During the Global financial crisis the Chinese steel mills won price reprieves as demand from their customers slowed.
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(Bloomberg) -- Iron ore futures tumbled as China’s top steel-making hub ramped up efforts to control a dizzying surge in prices. Futures in Dalian dropped the daily limit, while prices in Singapore extended a slump from a record $233.
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China''s appetite for high-grade iron ore this winter looks set to drop from the peaks hit in recent years as steel mills try to cut costs and prop up profit margins weighed down by the nation''s
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Iron ore has had a wild year as a first-half demand boom was quashed by China’s squeeze on real estate finances that drove a fall in construction activity, as well as a government push to curb pollution and emissions. Steel output slid to the lowest since 2017 in October, and Singapore futures plumbed an 18-month low earlier in November.
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Graphic: China crude steel production vs steel margins (tmsnrt.rs/2HRJEsH)Four other mill managers said their iron ore inventory had dropped to less than 15 days of use, lower than the normal
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Iron ore extended its slump below $100 a ton as China stepped up restrictions on industrial activity in some provinces. Futures in Singapore tumbled as much as 11.5% Monday, before paring some
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Iron ore’s slump from a record accelerated as China ramps up efforts to control a dizzying surge in prices. Futures in Dalian dropped the daily limit, while prices in Singapore tumbled 11% as
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