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Iron ore goes splat

February 20, 2024 - 08:30 -- Admin

Back from holiday and the much anticipated new boom in steel output is caput: The benchmark March iron ore SZZFH4 on the Singapore Exchange slid 2.91% to $127.45 a ton, as of 0706 GMT, in part due to fading bets of early U.S. rate cuts amid stronger-than-expected U.S. producer prices in January. The weakness in the Singapore benchmark came

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