Iron ore price continued to lose ground on Tuesday amid steelmakers’ subdued buying.Australian iron ore fnes 62% Fe decreased by $1.25/t to $85.25/t CFR, while the futures on the dCE weakened by RMB 5/t ($0.7/t). Suppliers kept dropping offers, since seaborne trading remained sluggish for the second week with no contracts signed on platforms during the day.
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