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Saturday, June 9, 2018 - 2:30:43 PM
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Mining News- The supply of iron ore to the Chinese market was more than demanded on May.
Steel demand in the Chinese domestic market remained high in May, while steel production capacity remained stable in the manufacturing sector. Of course, despite the expected decline in demand for iron ore in the market due to environmental inspections, supply to this market is increasing. In addition, the inventory and the price of steel in the harbor have slightly increased, and as it was said, the supply of iron ore is expected to increase and, as a result, the price of iron ore remains relatively stable.
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