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CISA: Iron ore to dip further on the long term

Time:Thu, 16 May 2013 09:55:46 +0800

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Mr Wang Xiaoqi vice chairman of China Iron and Steel Association said that “In the second half of this year iron ore market will see obvious oversupply. Consequently, imported iron ore prices will dip further which is expected to decline USD 10 per tonne to USD 15 per tonne annually.”

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