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Iron ore prices start falling, tight policy impacts steel industry

 

Date:[5/17/2011]    Source:Shandong Hai Steel Co.,Ltd

 

 

   Tighten monetary policy is gradually showing its impact on steel industry. Iron ore prices have begun to drop in light of the persistent weak corrections in steel market. Analysts said negative factors are playing their roles. Upstream and downstream enterprises in steel industrial chain begin to keep cautious wait-and-see attitudes, on concerns of capital strain and uncertain downstream demand. The iron ore market is suffering sustained pressure and the iron ore prices are likely to further move down.

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Tel:+0086-538-6999022    Fax:+0086-538-6997199   Email:steel@haisteel.com