The seaborne iron ore market cooled down on Thursday March 26 after gaining ground for two consecutive days, with the lower prices in line with a softer futures curve for rebar.
Fastmarkets iron ore indicesCrude steel production by members of the China Iron & Steel Association (Cisa) stood at 1.84 million tonnes over the March 11-20 period, up 1.55% compared with the previous 10-day period. Steel inventories at plants fell 7.40% in the same comparison to 19.82 million tonnes.
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