Prices of Chinese steel and its key ingredient - iron ore - continue to fall, now at their...
Prices of Chinese steel and its key ingredient - iron ore - continue to fall, now at their lowest levels since 2009. The combination of steel mills ramping up production in the face of a slowing economy is proving toxic. One report says the mills are beginning to default on supply contracts or have deferred shipment of up to 4M tons of iron ore this month. It's a start.
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