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Iron ore price drops 4% to 3-month low

Frik Els | March 14, 2013 | 5:57 pm Australia China Iron Ore 

The benchmark CFR import price of 62% iron ore fines at China's Tianjin fell $6.10 or 4.4% on Thursday, continuing a sharp correction since hitting 16-month highs mid-February. Iron ore was changing hands at $132.90 a tonne, a three-month, after...

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