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Iron ore trouble spreads

You wouldn’t know it from headline prices, but iron ore is in trouble. Subtracting the $9, at least, to get to normal FOB prices, owing to shipping rates that are double the normal level, gives us low-90s prices for CFR. Iron ore has not budged for three months. The news flow is poor. The latest The post Iron ore trouble spreads appeared first on MacroBusiness .

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