Iron ore and steel futures in China fell to 12-week lows on Tuesday as sputtering steel demand has trapped traders that restocked heavily during last month's price rally with unwanted products.
The two commodity futures have lost 30 percent from their peaks in April when bets fuelled by faith in the world's No. 2 economy lifted volumes and prices and prompted China's commodity exchanges to impose trading curbs. Steel-making raw materials, coking coal and coke, tumbled about 6 percent at one point on Tuesday.
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