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Iron ore price drops
7 月 2021

Iron ore price drops

Benchmark iron ore futures in China dropped on Friday, 06 July and recorded their fourth straight weekly fall. It is reported that if environmental-related production controls are to be implemented strictly, the market might have an oversupply of iron ore. China will have to cut steel output by more than 50 million tonnes in the final six months of this year to meet its carbon emissions targets.

Source: https://www.mining.com/iron-ore-price-drops-on-steel-output-control-worries/