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المشهد العربي
Iron ore set for largest weekly drop since June
Iron ore prices are heading towards their largest weekly decline since June, with the main component used in steelmaking dropping nearly 3% over the week. The decline was driven by shrinking profit margins for steel mills and weak seasonal production. Additionally, the percentage of Chinese factories reporting profits has fallen to just 7.8%, the lowest level since September 2024, amid the impact of rising coke prices on profitability.
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