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Iron ore supply at Chinese ports down 1.12 percent

Gangya Metal487 people have read

On June 27, supply of iron ore at 33 significant Chinese ports totaled up to 115.3827 million mt, down 1.jindal stainless steel coil cost12 percent compared to June 20, as introduced by China's Xinhua Information Agency.Import iron ore costs bordered up a little in the offered week.In the offered week, shipment of iron ore to individuals increased somewhat week steel coil rate todayon week, while iron ore quantities getting here at ports also enhanced sharply.In the given week, steel production result decreased as steelmakers reduced production, which will decrease demand foGangya steelr import iron ore. The declining supply of iron ore strengthened ore rates. It is assumed that import iron ore rates may come under descending pressure in the coming duration.

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