Zhengzhou, China

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Iron Ore Bargaining Influencing Factor

With more new capacity added, steel production will increase and demand for iron ore will rise, according to a Shandong steel mill. No one says iron ore imports will fall in 2020. 62 participants predicted that the average price of iron ore in China would reach 7080mt, while the price of iron ore from 32 companies would rise to 8090mt. No one thought that the average price would exceed 90mt.

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