RIO News: Weak Chinese demand pushes iron ore prices to five-month low - 9th May 2023, 9:14pm

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Chinese iron ore prices dropped to their lowest levels in five months, as weak demand adds to evidence that the country’s economic rebound from tough coronavirus lockdowns may be faltering. After strong steel production during the first quarter, the optimism and activity that followed the end of lockdown have waned, leading to a “collapse” in the steel market and raising questions about the durability of the Chinese economic recovery. The price of iron delivered into the northern ...

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