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Price for Iron Ore is Kept in Lower Level
It is reported that the iron ore’s price has been fallen to the bottom since economic crisis in 2008. Influenced by reducing requirement from China while the iron ore’s output is rising, the price in 2014 has been reduced by 47% and in 2015 the price has already reduced by 23% on basis of 2014.

Meanwhile, three biggest iron ore suppliers in the world is expanding the production scale in such environment, which is not good way for marking up the price for iron ore. 

TJC Iron& Steel(Group) Co.,Ltd