| The iron ore price has dipped as China agreed to work on reducing steel exports after the G20 meeting in Hangzhou. Iron ore lost 0.3 per cent to $US58.80 overnight, according to The Steel Index, from $US59 the previous day. The commodity has risen only twice in the past nine trading sessions.
Global leaders at the G20 summit reached an agreement acknowledging that overcapacity in the steel industry is a global issue, although some nations continue to blame China for the bulk of the problem...............................................Full Article: Source
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