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1.Market Observations, 8.Was Sticky

29 Nov 2018 (AFR) – Iron ore’s plunge is about finally catching up to steel’s slump: Clyde Russell

(29 November 2018, AFR, p26, by Clyde Russell)

‘The 15 per cent plunge in iron ore prices in the past week certainly looks dramatic, but is more a case of the raw material finally catching up to a more established trend of weakness in Chinese steel prices. However, the drop in iron ore is more than just a cause for concern for miners in Australia, Brazil and South Africa, as it may alter the dynamics of what quality of ore Chinese mills prefer.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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