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Finance & Markets

Steel Nears 2-Week Low

Steel rebar futures in China dropped below CNY 3,100 per ton, approaching two-week lows as persistent weakness in demand continued to pressure the market, while disappointing economic data from top consumer China further clouded the demand outlook. Industrial profits in China slowed in August as subdued domestic demand offset strength in high-tech and AI-related manufacturing. ...

hellenicshippingnews.com ·1h ago

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US diesel export ban could severely impact Latin American metal producers

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Wheat Hits 1-Month Low

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Iron Ore Approaches 7-Week Low

Iron ore futures in China slipped to around CNY 705 per ton on Monday, nearing seven-week lows as ample global supply and weakening steel demand pressured the market.

Iron ore prices hit 7-week low at CNY 705 per ton in China
Abundant global supply and reduced steel demand driving prices down
Chinese steel mills' profitability and output declining

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