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Iron Ore Falls Amid Broader Commod Weakness -- Market Talk

24 Jul 2017 2:54 am

0254 GMT - China iron-ore futures fell amid some profit-taking and broader weakness in the commodities market. Though near-term fundamentals for domestic Chinese demand appear robust, there are some concerns about US import restrictions. While America accounts for only a small proportion of Chinese steel exports, any US action could trigger similar action by other nations. Dalian iron-ore futures are down 1.6% and Shanghai steel rebar falls slightly this morning. (biman.mukherji@wsj.com)
 

(END) Dow Jones Newswires

July 23, 2017 22:54 ET (02:54 GMT)

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