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Crashing raw material and Chinese steel prices set the tone for approaching Q4

Featuring Mark Wiggett

October 1, 2014 12:00:00 EST (5:48 mins)

Mark Wiggett, editor for Platts Global Market Outlook, discusses the head-long fall in iron ore prices from mid-August onwards and scrap prices weakening in Turkey and Asia, while US prices remained steady; the cheaper iron ore is leading to very competitive Chinese billets in many regions, including Turkey and the Middle East, as well as Asia.

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