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12 Jan
00:00

WV Stahl fears powerful coking coal and iron ore groups may squeeze market in longterm

While prices for steelmaking’s most important raw materials have been declining in recent months, the president of Germany’s steelmakers’ association warns that this doesn’t necessarily mean cheaper purchasing prices will be handed down the economic chain, and to consumers. Coking coal and iron ore have recently dropped to their lowest levels in years. 62% Fe fines are currently around $70/tonne cfr Tianjin, compared to a high in the …
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