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Steel inventories rising sharply in China
11.19.2008 | -- 1
Despite recent production cuts, steel mill inventories remain under pressure as end-user demand has collapsed.
While the mills are lowering prices to clear inventories, the buyers' strike continues as traders await further price falls.
 
Even more seve
Rio to Cut Iron Ore Output 10% as China Demand Slows (Update4)
11.19.2008 | -- 1

Nov. 10 (Bloomberg) -- Rio Tinto Group, the world's second- largest iron ore exporter, will cut output at its mines in Western Australia by 10 percent because of reduced demand from steelmakers in China, following the lead of bigger rival Cia. Vale do Rio Doce.

Rio, Fortescue cut iron ore output as China weakens
11.19.2008 | -- 1
SYDNEY (Reuters) - Rio Tinto Ltd/Plc (RIO.AX: Quote, Profile, Research), the world's No. 2 iron ore miner, will slash output by as much as a third for the rest of this year, joining its Brazilian rival in trying to stem a fall in prices as Chinese steel demand slumps.
 
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