Iron ore futures in China dropped further from a 14-month high on Tuesday as steel prices faltered, reflecting renewed pessimism about the glut-hit market.
Weak futures could drag down spot iron ore prices for a fifth consecutive day as last week's massive rally fizzled.
The most-traded May iron ore contract on the Dalian Commodity Exchange was down down 4.84 percent at 413 yuan ($63.44) a ton by 3 pm Beijing time, just off the session low of 416 yuan.
The contract peaked at 454 yuan on Monday, its strongest since January 2015, before ending lower.
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