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Iron ore price falls 5% – China scrap adds to oversupply fears

Frik Els | May 24, 2016 | 1:06 pm Top Companies Australia Latin America Iron Ore 

On Tuesday the Northern China benchmark iron ore price plummeted 4.7% to $50.20 per dry metric tonne according to data supplied by The Steel Index. After two months of wild swings, the price now seems set to breach $50 a tonne...

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