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China iron ore nearing bottom with support in sight

Iron ore in China may be close to bottoming out as it is fast approaching the time of year when it receives a seasonal boost from the steel market, and prospects could brighten further still next spring when the Chinese government unveils its budget at the annual parliamentary session.

Shi Weijun
China iron ore nearing bottom with support in sight

The view in some quarters is that the iron ore price still have some way to fall amid headwinds that range from shrinking steel output in China, power shortages and emission curbs ahead of the Winter Olympics...

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