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Chinese steel rise bodes well for iron ore

Mining Journal
There is a margin opportunity for Chinese steel producers at the moment (source: RBC Capital Markets)

There is a margin opportunity for Chinese steel producers at the moment (source: RBC Capital Markets)

As the iron price has been climbing down from its March high of US$94.5 per tonne, the profitability of Chinese steel mills has been moving the other way since May, according to RBC Capital Market (see...

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