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Iron ore price declines CVRD was affected

According to reports, at CVRD is suffering from the influence of iron ore prices decline, because of their China grade of 62% spot iron ore prices have dropped to $132 / ton (CFR), a mid April down 11%.
 
The industry says, China's steel are now more tend to purchase low-cost spot iron ore resources, not the price higher fixed contract resources, freshwater valley at present is actively promoting its in the Philippines and Amen iron ore transit center of construction, the other in Malaysia's interim sales center will be completed in 2014.




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