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China & The Iron Ore Bear Market

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March 26: Iron ore prices plunged into a bear market earlier this month and Australia, the largest iron ore exporter, signals a further price dip amid a supply glut. Seshagiri Rao, Joint MD and Group CFO at JSW Steel, doesn't expect iron ore prices to rise. We will announce possible price hikes next month and reveal capex plans in May, he says, adding that while the industry is positive on India, it hopes for a stable government.