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    CRU

    August 3, 2021

    CRU: Iron Ore Falls Below $190/dmt

    Written by Erik Hedborg

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

    Iron ore has continued its fall by registering a $15 /dmt drop in the past week after steep declines at the end of last week, followed by a slight rebound on Monday and Tuesday. Chinese buying interest has subsided quickly as the number of steelmakers selling contract volumes in the market has increased. On Tuesday, Aug. 3, CRU has assessed the 62% Fe fines price at $185.0 /dmt, nearly $40 /dmt lower than two weeks ago.

    Erik Hedborg

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