Iron ore prices have plunged below $100 a ton for the first time since July 2020, as China — the world’s biggest steelmaker — intensified curbs on steel production to lower carbon emissions. Signs of a slowdown across China’s property sector have also acted as a drag on the main steel-making ingredient. Iron ore prices have more than halved from the record $230 per ton attained in May this year. It has lost 34% so far in 2021.
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