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CRU: Iron Ore Breaches $170 on Falling Chinese Inventories
By CRU Research Analyst Eduardo Tinti, from CRU’s Steelmaking Raw Materials Monitor Iron ore prices continued to rise over the past week. Due to offloading constraints at Chinese ports, iron ore port inventories declined, contributing to the recent price hike. On Tuesday, Jan. 12, CRU assessed the 62% Fe fines price at $172.0 /dmt, $5.0 […]