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It said "The FOB (free on board) Australia iron ore price (62% Fe), the price at which most Australian iron ore is sold, decreased by 13 per cent year-on-year in the September quarter 2018, to ...

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Nov 22, 2018· Public sector mining major NMDC's suspension of iron ore mining at Donimalai, Karnataka could result in an increase of 10-15 per cent in iron ore prices, say industry sources. Current prices of the mineral in Karnataka are Rs 1,500-Rs 2,500 per tonne, depending on grade.

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Prices for iron ore have seen better days.. The steel-making ingredient is currently languishing around $60 per ton and many commodity analysts expect it to dip as low as $45 in the second half of 2015.

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Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in construction increases which drives the price up.

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China's steel prices tumbled more than 5% to a five-month low as persistent worries over weaker demand pushed the sector into a bear market, sparking a selloff in raw materials iron ore and coking ...

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Last week, iron ore prices logged the largest gain of 2018, climbing nearly 7% till Apr 19. However, the spot markets of this major steel making product went hard into reverse in Friday's ...