Low-Grade Iron Ore Prices Return to Bear Market

[Fellow][ferro-alloys.com] Prices for iron ore (Fe 62%) have fallen to the lowest since early July at $ 60/tonne.

Prices for iron ore (Fe 62%) have fallen to the lowest since early July at $ 60/tonne.

Prices for iron ore (Fe 58%) touched the lowest since mid-June at $ 30/tonne.

The price gap between these two types of ore expanded steadily over the past 18 months.

Citigroup expects the price gap to grow further.

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