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Iron Ore exports to go down

 With Chinese government stimulus package of 4 trillian Yuan fails to provide immediate relief, more ships to unload iron ore in Chinese ports are on the increase. India, which were exporting 8 million tonnes of iron ore to China is down by 1.5 million tonnes. Indian iron price has also fallen from $85 a tonne to $ 15 a tonne.

 

 

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