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$170 here we come: Iron ore rally continues despite China's move to cool down construction sector

Frik Els | February 19, 2013 | 6:19 pm China Iron Ore 

The benchmark CFR import price of 62% iron ore fines at China's Tianjin extended its winning streak, jumping to $158 on Tuesday, just shy of a 15-month high. The steelmaking ingredient has been boosted by better profitability at Chinese steelmakers...

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