Spot 63.5% Fe iron ore prices down $4 this week
May 11, 2012 | 06:53 AM
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China's iron ore import price tumbled $4 this week, the biggest weekly drop in nearly three months, as a sluggish steel market drove buyers away.
Prices fell for a fourth consecutive week, and they are now at their lowest level in nearly two months.
Spot prices of 63.5% Fe content Indian fines were at $143-144 per tonne cfr China,....
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