Iron ore price falls as China plans to cut steel production.

Iron ore prices fell on Thursday as China reported a plan to again cut annual crude steel production this year. Benchmark 62 percent Fe fines imported into Northern China retreated 2.51 percent, to $129.88 per tonne. The most traded May iron ore contract on China's Dalian Commodity Exchange ended daytime trade 2.8 percent lower at 902 yuan ($130.75) a tonne after earlier hitting 897.50 yuan, its...

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