The benchmark CFR import price of 62% iron ore fines at China's Tianjin fell $6.10 or 4.4% on Thursday, continuing a sharp correction since hitting 16-month highs mid-February. Iron ore was changing hands at $132.90 a tonne, a three-month, after losing ground seven days in a row. The steelmaking raw material is still up over 50% up from three-year lows reached in September. The pullback ...
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