Iron Ore Hovering Near a 6-Year Low

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Spot iron ore slipped to near its weakest level in almost six years, reflecting tepid demand for the commodity in top consumer China, where steel prices have been hit by slower consumption.

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Soft sales have forced more Chinese steel mills to curb production after the Feb. 18-24 Lunar New Year break and hold
back on purchases of the steelmaking raw material, traders told Reuters.

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