Dalian iron ore futures slumped to a three-month low on Thursday, under pressure from expectations that Chinese steel mills will cut output further in coming months, curbing demand.
The most-active January iron ore contract on the Dalian Commodity Exchange fell to a low of 355 yuan ($55.83) a tonne, the lowest since July 28. It was down 1.3 percent at 356.5 yuan a tonne by 0230 GMT.
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