Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
SINGAPORE – Iron-ore dropped to near its lowest level in more than five years, reflecting sustained pressure from a supply glut and slower Chinese steel demand, with banking an financial services group Citigroup seeing further weakness early next year. China's steel and iron-ore production was recovering after antipollution curbs imposed ahead of a global summit in Beijing early last month, Citigroup said.
SINGAPORE – Iron-ore dropped to near its lowest level in more than five years, reflecting sustained pressure from a supply glut and slower Chinese steel demand, with banking an financial services group Citigroup seeing further weakness early next year. China's steel and iron-ore production was recovering after antipollution curbs imposed ahead of a global summit in Beijing early last month, Citigroup said.
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