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Mar 06, 2013
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Iron ore falls to 1 month low as China steel stockpiles rise
Spot iron ore prices fell to one-month lows as buyers from top importer China stepped away from the market, worried about weak steel demand that has pushed up steel stockpiles over the past two-and-a-half months.
China's renewed push to cool its property sector also fuelled doubts on the outlook for steel demand, although Shanghai steel prices regained some ground after Monday's sell-off.
Source -
http://www.brecorder.com
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