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المشهد العربي
Iron ore prices decline as Chinese steel profits drop
Iron ore prices dropped following a decline in steel factory profits in China, with profits decreasing by 3% to reach 37.2%. Rising steel inventories and operational losses are leading to expectations of future production restrictions. In the market, the price of iron ore fell by 1.10% to $110.58 per ton on the Dalian Exchange and $98.55 on the Singapore Exchange, amid increasing concerns over a slowdown in global demand.
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