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The iron ore price is in freefall. What happens next? – Stockhead

An iron ore price drop has seen the commodity hit four month lows on Chinese steel jitters, but it is not all bad news for Australian…

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Iron ore prices slid to their lowest levels since April overnight, as speculation about Chinese steel production cuts delivered a hit to the Pilbaras big iron ore miners.
Prices fell 7.7% to US$169.30/t according to CommBank, while…

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