Iron Ore Weakens to 3-Week Low
Iron ore futures fell below CNY 710 per ton, reaching three-week lows as weak market fundamentals continued to weigh on prices. Industry data showed global iron ore shipments increased by 1.59 million tons to 35.17 million tons in the week ended September 13, pointing to ample supply. Elevated coke prices also continued to pressure steelmakers’ ...
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