Iron ore rebounds as Chinese steel mills ramp up purchases

 · Iron ore rebounds as Chinese steel mills ramp up purchases Enrico Dela Cruz Imported iron ore inventory at China s ports fell to 126 95

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 · Chinese steel mills are slowing iron ore purchases and seeking cheaper alternatives to Australian supplies after a steep run up in prices in February five mill executives and several traders told

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Chinese steel mill profits have collapsed and iron ore

 · Iron ore prices have fallen heavily in recent weeks especially for higher quality higher cost grades Chinese steel mill profitability has collapsed falling to the lowest levels since May last

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