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Iron ore price at 16-month high as Chinese stockpiles drop to 3-year lows

Frik Els | February 20, 2013 | 10:43 pm China Iron Ore 

The benchmark CFR import price of 62% iron ore fines at China's Tianjin continued to climb on Wednesday, reaching $158.90, the highest since mid-October 2011. The steelmaking ingredient has been boosted by restocking by Chinese steelmakers – responsible for more...

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