Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
A slump in Chinese demand for steel has poured cold water on a rally in iron-ore this month, with prices for the raw material likely to drop over the rest of the year, traders and analysts said. Iron ore surged 40% from a decade-low in just over two months as dwindling stocks at China's ports suggested tighter supply in a market that had been hit hard by plentiful ore.
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