| From Xinhuanet.com: China's Ministry of Commerce said the prices of iron ore and steel products have further room for slide following recent retreat. Prices of domestic iron ore were at 1,200 yuan (176 U.S. dollars) per ton at the end of September, 12.4 percent lower than a month ago on slumping shipping rate, the ministry said.
Prices of steel on average last month slid 5.9 percent month-on-month to 5,670 yuan (830 U.S. dollars) per ton. The slide was because of falling production costs and weaken demand in economic slowdown..... Full Article: Source
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