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Steel industry

World news about “Steel industry” published by euronews.

12/12 14:00 CET

Oversupply pushes iron ore prices lower

Oversupply pushes iron ore prices lower

Oil isn't the only commodity suffering a price slump. Iron ore has also dropped and for the same reason - oversupply in a weak global economy. Just this week prices are down another three percent to a more than five year low. You can now buy iron ore for half what it cost…