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Iron ore hits five-year low

THE iron ore spot price hit a fresh five-year low overnight as Chinese demand continues to weaken.

Kristie Batten
Iron ore hits five-year low

The Steel Index (TSI) 62% fines price dropped to $US84.30 per tonne, CFR Tianjin, a level not seen since September 25, 2009.   Iron ore prices are down 37.5% since the start of the year and 11.4% down...

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