The recent economic slowdown in China, the world's largest steel producer, have seen prices for iron ore hit two and a half year lows. Prices for the commodity are approximately $50 - $60 per ton cheaper when compared to the same period last year. "Iron ore prices could go into free-fall until end-user demand for steel picks up in the autumn," said Rafael Halpin, China analyst with the UK consultancy MEPS. The
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