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Iron ore jaws widen again

April 2, 2025 - 10:30 -- Admin

The jaws are back as steel falls while iron ore rises. MySteel sparked the rally. “A further increase in the hot metal output at Chinese steelmakers lent some support to the prices of imported iron ore last week,” said Chinese consultancy Mysteel. Hot metal production in March continued to increase by 10,200 tons to 2.3728

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