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MMi Daily Iron Ore Index Report for May 20 2020

The bullish iron ore market took its foot off the gas a little today, with concluded transactions down on yesterday. Some traders held their quotes firm though mills were less likely to buy today. According to SMM, mills profit margins for rebar rose to more than 300yuan/mt, and mill demand for iron ore remains at relatively strong levels.

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Source: Metals Market Index (MMi)

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