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    January 24, 2020

    China virus outbreak a further risk to iron ore, steel outlook: Russell

    Commodities, Iron Ore China, Corona Virus, Iron Ore

    By Clyde Russell \ Reuters

    LAUNCESTON, Australia, Jan 23 (Reuters) – The risk to commodity demand from the spread of a new flu-like virus in China has so far focused on crude oil and related products such as jet fuel, but the iron ore and steel markets will also be keeping a nervous watching brief.

    The effective quarantining of Wuhan, a city of 11 million people where the new strain of coronavirus emerged, sounds like a major step to combat the virus which has so far killed 17 people and infected several hundred more.

    That the move comes on the eve of the Lunar New Year holidays, which typically see millions of Chinese travel to visit family and friends, underlines the disease’s danger…Full Story

    India thermal coal imports fall for three months in a row Indonesia tightens grip on nickel and coal exports

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