Daily iron ore price update (fighting on)

Texture from Reuters:

Any production limits for steel mills during winter will be set by local governments depending on their emissions, the environment ministry said on Friday.

“Markets perceive provincial restrictions to be looser than federal ones, although that does not usually play out since we have seen provincial authorities as being equally as strict,” said Edward Meir, independent commodity consultant at brokerage INTL FCStone in London.

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