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2 days ago · Duration: 2 minutes 5 seconds. 2m 5s. Iron ore falls into bear market as China cuts steel production ( Rhiana Whitson) Iron ore price falls more than 30 per cent since its record high in May of
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1 day ago · The most-traded iron ore on China's Dalian Commodity Exchange DCIOcv1 ended the morning trade 2% lower at 839 yuan ($129.57) a tonne, resuming its downtrend after a 1.9% gain in the previous session
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1 day ago · The sharp fall in iron ore prices has mainly been a demand-side story, after policymakers in China announced plans to curb 2021 steel production in line with 2020 levels. The revised targets implied a sharp decline (~12% annualised) in the second half of the year, given robust production levels in H1
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May 11, 2020 · Given the size of the market and its growing economic position, China’s iron ore demand and imports are now impacting the global iron ore industry. China’s iron ore production is forecast by 3% to 78.2 Mt in 2020 which to grow at a compound annual growth rate (CAGR) of 1.1% between 2020 and 2024 to reach 81.6 Mt., according to data and analytics. At present, due to the impact of Covid-19, China’s iron ore production
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Aug 05, 2021 · As we have been stressing in our work since we started our consultancy in 2010, it is global iron ore production that dictates China’s iron ore import volume. China has long remained content to purchase as much iron ore that exporters want to sell China (as imports are much higher quality than iron ore mined in China). Year after year has continued to show that China’s actual iron ore import demand remains resilient even when crude steel production
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Jul 26, 2021 · In March 2021, about 82 million metric tons of crude iron ore had been extracted in China. Iron ore mining in China Iron ore mining in China has dramastically decreased since
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Aug 11, 2021 · Iron ore falls into bear market as China cuts steel production | The Business Hong Kong’s largest teachers’ union to disband after pressure from pro-establishment media
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Jul 22, 2021 · Iron ore price down 6% after Beijing tells steelmakers in some provinces to cut production with aims to keep Chinese annual output at 2020 levels. Iron ore price plunges on China's move to cut
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Aug 10, 2021 · Analysts say iron ore has peaked during May-June with prices heading south for the rest of the year. Chinese analysts and investment banks have bet that ore prices will fall due to a slump in growth in steel production. The China Iron and Steel Association has projected slower growth in steel production during the current half compared to the
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China production cuts won’t end iron ore boom. in Commodity News, Dry Bulk Market 29/03/2021. Strict environmental controls designed to curb steel production in China are unlikely to signal the
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Aug 11, 2021 · IRON ORE, the main ingredient in steel production, continued its free fall yesterday as China curbed steel production as part of cutting carbon emissions. Prices for iron ore shipments containing 63.5% iron fell 3.75% to $ 167 (around R2 474) per tonne, the lowest level since early April due to weak seasonal demand and so
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Aug 09, 2021 · The steady year-on-year growth in China’s cumulative iron ore imports ceased in July, with the total volume over January-July showing a 1.5% on-year decline to reach around 649 million tonnes, Mysteel Global noted from trade data released by the country’s General Administration of Customs (GACC) on August 7
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