Iron ore spot prices drop to lowest since last November

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Publish time: 24th July, 2012      Source: ChinaCCM
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According to the data from information provider The Steel Index, the spot reference price for 62% Fe grade imports at China's Tianjin Port fell by 2.1% Thursday to US$125.60 a dry metric ton.

It is the benchmark's lowest level since November 7th and down 25% on year.

The weakness in steel prices appears related to previous overproduction and the final demand is not completely recover