Daily iron ore price update (under pressure)

Texture from Reuters:

Benchmark Dalian iron ore and coke futures slumped more than 2% in late trade on Monday following growing concerns about demand for the steelmaking raw materials, amid China’s renewed efforts to curb pollution by restricting steel mills operations.

“Traders have been wary of the impact of ongoing restrictions on steel mills in China,” said Daniel Hynes, senior commodity strategist at ANZ.

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