The seaborne iron ore marketfailed to stay above the $80/dmt level on thelast trading day of the year, as ample spotsupply and a bearish outlook on steel stifleddemand.Platts assessed the 62% Fe Iron Ore Indexat $79.65/dry mt CFR North China Friday, down$1.10/dmt day on day. The front-month JanuaryIODEX swap fell $1.70/dmt from Thursday to$76.25/dmt.
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