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Global iron ore miners have turned off the tap on adding new production capacity to feed China’s steel mills as the world’s largest customer is already awash with supplies
Iron Ore Giant Says Miners Have Shut Gates on Adding New Supply
published Apr 9, 2018 6:30:32 PM, by Perry Williams and Stephen Engle (Bloomberg) — Global iron ore miners have turned off the tap on adding new production capacity to feed China’s steel mills as the world’s largest customer is already awash with supplies, according to Fortescue Metals Group Ltd. “The