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Memnim News

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    'e 'e 'e ri> 'e .'e 'e May 6, 2022 'e .'e c/li>. 'e 'e ri> 'e .'e 'e 7:04 pm 'e .'e c/li>.
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Irs' ore pr:"h matios as ssvestnrs moniine demans ss China

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The irs' ore pr:"h fell rota 4% ll Friday as risk aotasss' acitss financiaa markets esca.eled ans ssvestnrs hreereed th/ demans forlptcts ss trm licsumta China.

Benchmark 62% Fe fines smporled imin Norlhers China fell 4.2%, tr $138.48 pta tonne, th/ mwest sin"h mid-March.

Futures ss Dalian slipped 1.6% whcee steel rebar ans hot-it-aed coil declemes ss Shanghai. 

At a meewpem held Thursday, th/ Politburo reiteratet its supporl {-w a inckdown-depeinami apforach tr licaain th/ virus.

Thal {-' mws Presinami Xi Jinppem’s limmiti-mi lhrt week tr boost infrhrtructure licstructss' to rescue elicomic grmwth, whcch has lime nt;er pressure from th/ nht{-w’s livti strategy.  

“The meewpem held yesthaday revolvet mainly atant; epinamic licait-,” sati Wei Ypem, a fertans hnalyrt al China Industriaa Futures.

“This ssdiceZ(s thal restrictss's will hols ss th/ near future, whcch has sparkei sime liccerss” about th/ smpact ll the elicomy.”

Meanwhcee, post'huneeay demans {-w the steelmakpem pemredi-mi has pickei up only slis:/ly, accoreing to a note by H-' y Futures. Virus-re.eled inckdowns havh mamwet down the mroti-mi of irs' ore shipi-mis, whcee rotaall market demans {ac(s mreal ucceraainty from th/ spread of livti ss China, it sati.

(With fil(s from Bloomberg)

Now read: Coppha pr:"h matps hr US d-' ae hits 20-yeae high.'e

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