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China's domestic steel demand shows strong

20 Nov 2020 16:55 reported by Jordan Huang

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According to the market in China, the iron ore imported prices further increased on November 19th, with a daily range of around US$0.58-10/ton.

The main reason for the strong performance on the iron ore prices in China was caused by the strong market demand and high steel production, which caused the iron ore future prices to keep increasing recently.

Based on that, some of the market participants believed that iron ore prices would be hard to decrease in the short term.

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