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Arab Steel Summit

Report: Iron ore prices drop after a week of recovery

The overall market outlook continues to disappoint amid the seasonal slowdown in construction in China over the summer.

September iron ore futures, the most heavily traded on the Dalian Commodity Exchange, for the period from May 19 to May 26, 2023, fell 9.6% from the previous week – to reach 665.5 Yuan/tonne ($96.28/tonne).

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