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Iron ore price suffers worst one-day drop since August

Frik Els | March 07, 2014 | 7:12 pm Africa Australia Canada China Iron Ore 

The benchmark import price of 62% iron ore fines at China's Tianjin port on Friday dropped $2.70 or 2.3% to $114.20 a tonne. It was the worst one-day decline since mid-August when the steelmaking raw material was trading above $140...

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