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Dalian iron ore hits 15-month low on thin steel margins
Dalian iron ore prices touched a 15-month low on Thursday, the first working day after a week-long holiday break in top consumer China, weighed down by concerns over demand prospects amid weak steel margins. By 0204 GMT, the most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) fell 1.85% to 691.5 yuan ($103.19) a metric ton, the weakest since June 2025. Some Chinese steelmakers either started or planned equipment maintenance as losses deteriorated, according to a survey by consultancy Mysteel on Wednesday. “Profitability among steelmakers remained under pressure while ore s...
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