Iron ore prices are sending mixed signals. Despite a rise in China’s steel production, a key indicator of demand, prices continue to slide. Analysts cite concerns about China’s struggling property sector and rising stockpiles of iron ore as reasons for the price decline. The coming months are likely to see a tug-of-war between positive factors like rising steel production and negative factors like weak demand and high stockpiles.
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Iron Ore Price
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Iron ore futures edged slightly higher on Monday, buoyed by cautious optimism about a potential rebound in demand from China, the world’s…
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Iron ore prices climbed for a second consecutive day on Tuesday, reaching their highest point in nearly a week. This surge is…