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China steel mill destocking hurting iron ore prices – Fortescue

Mineweb | October 26, 2011 | 9:49 am Australia Europe Iron Ore 

Fortescue’s CEO, Nev Power, told a media conference on Wednesday that iron ore prices will continue to plummet as long as Chinese steel mills continue destocking inventories. Iron ore prices will continue to face downward price pressure until Chinese

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