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Iron ore extends rout on weakening China demand outlook – The Australian Financial Review
Iron ore plunged, accelerating a retreat from its May record high, as Chinese steel prices dove amid a weakening outlook.
The most traded iron ore futures on the Dalian Commodity Exchange, for January delivery, closed down 7.2 per cent to 763 yuan ($US117.44) per tonne, after plunging to 8 per cent earlier during the session.
Steel prices on the Shanghai Futures Exchange also…
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