| From Bloomberg: Steel mills in China, the world's biggest makers, are reducing demand for iron ore and asking miners to postpone deliveries because of tightening credit facilities, said Mt. Gibson Iron Ltd., an Australian producer.
Chinese mills have slowed production, sending cash iron ore prices down 17 percent in the last week of September. The global financial crisis has locked corporates out of capital markets after financial companies booked more than $592 billion in writedowns and credit-market losses since last year..... Full Article: Source
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