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Iron ore price drops on China's appeal to cut steel output

MINING.COM Staff Writer | December 30, 2020 | 11:45 am Markets China Iron Ore 

Benchmark iron ore futures in China dropped almost 6% on Wednesday after the country urged the steel industry to produce less crude steel next year amid the government's carbon neutrality plan. Iron ore prices have more than doubled in 2020, putting the steelmaking...

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