Iron Ore Below $50 Hits Miners as Rio Tumbles 5.1% This WeekBy
`We may see iron ore declining to $40,' Maike Futures predicts
Low-cost supplies expand while steel production in China drops
Iron ore is rounded out another poor week, capping another bad month in what’s shaping up to be another tough year as the world’s largest miners boost low-cost output while China’s steel demand contracts.
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