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Iron ore falls through $130 as Chinese steel price hits 2012 low

Frik Els | July 17, 2012 | 4:11 pm China Iron Ore 

On Tuesday the globe's most active steel futures contract – Shanghai rebar for January delivery – dropped to its lowest level this year reaching Rmb3,846 ($603) per tonne. A build-up in inventories – Chinese mills have been producing at record...

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