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iron ore proce platts

Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin extended losses to $173.5 a tonne, the lowest since April 14th on weak seasonal demand and as some Chinese steel producers were told to cut production. Weekly consumption for major steel products in China as of August 5th fell 2.5% to 9.86 million tonnes from a week earlier, data from Mysteel consultancy showed.

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