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The decline accelerates as the price of iron ore fell 7.2% on Tuesday, the biggest daily dive...
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Wednesday, October 26, 2011, 9:02 AM ETThe decline accelerates as the price of iron ore fell 7.2% on Tuesday, the biggest daily dive Platts has ever reported. This "implies demand for steel in China is pretty bad and a lot of steel mills have to cut production so the whole economy is bad," says a commodity researcher. On the other hand, profit margins for steelmakers could now improve.
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This news story has 2 comments:
You wrote "On the other hand, profit margins for steelmakers could now improve." Unless you know something that the experts quoted in the story don't, you are probably wrong.