Iron ore futures in China dropped to their weakest on record on Thursday amid expectation
of falling steel consumption in the world's biggest consumer could shut more producers.
The most-traded May iron ore contract on the Dalian
Commodity Exchange was down 1.1 percent at 284 yuan
($44) a tonne by midday. It touched 283 yuan earlier, the lowest
for a most-active contract since the bourse launched iron ore
futures in October 2013.
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