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Iron ore hits new low after weakest China imports in 16 years

Frik Els | December 17, 2014 | 8:14 pm Africa Australia China Latin America Iron Ore 

The iron ore price reached a fresh five-and-half-year low on Wednesday after surprisingly weak imports by top consumer China. The CFR 62% Fe 2% Al benchmark import price at the port of Qingdao tracked by The SteelIndex declined 20c to...

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