Iron Ore Mine Import To China Dropp 17%

Benchmark cash prices of iron ore imported by China, the world’s biggest buyer of the steelmaking material, fell the most since at least 2006 last week as mills cut production.
Prices dropped 17 percent to 1,000 yuan ($146) a metric ton at Beilun, where Baosteel Group Corp., China’s largest steelmaker, receives shipments, according to data from [...]

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