DislikedIron ore extended its decline, posting its biggest daily drop in 14 months on Wednesday, on uncertainty over steel demand from top consumer China which curbed appetite for the steel ingredient.
Iron ore with 62 per cent iron content, the industry benchmark, fell $US7.50 a tonne, its biggest daily drop since November 2011, to $US145.40 a tonne, according to data provider Steel Index.
This represented a 4.9 per cent daily drop for iron ore, which reached a 15-month peak a week ago after a one-month rally which...Ignored
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