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China iron ore futures fall for 5th day, but outlook still upbeat

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Chinese iron ore futures fell to their weakest level in almost a month on Monday, dropping for a fifth session along with steel prices as investors pared positions in the two commodities, although the outlook for demand remained bright. Iron ore demand in China, the world's top importer of the steelmaking commodity, remains firm, particularly for high-grade material, said a Shanghai-based trader. Read more

Global Times

     

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