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المشهد العربي
Iron ore declines to 2024 low
Iron ore prices are heading toward their third consecutive weekly loss, recording their lowest level since 2024, due to increased global supply and worsening demand prospects, despite the Chinese market returning after the holiday. The futures price for the raw material dropped to $90.90 per ton, with inventories rising to 152.7 million tons at Chinese ports, amid rising coke costs that are weighing on steelmakers.
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