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    November 3, 2020

    CRU: Iron Ore Rising on China’s Pre-Winter Push

    Written by Erik Hedborg

    By CRU Senior Analyst Erik Hedborg, from CRU’s Steelmaking Raw Materials Monitor

    The bullish sentiment in the Chinese steel industry has resulted in continuous strong demand for iron ore. Meanwhile, iron ore supply from Australia has been weak throughout November and inventories in China have remained at a low level as a result. On Tuesday, Nov. 24, CRU assessed the 62% Fe fines price at $126.5 /dmt, up by $1.5 /dmt w/w.

    Erik Hedborg

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