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STOCKS | Iron Ore Falls as China Steel Losses Deepen, Hormuz Risks Rise

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2026-07-21 03:41:49
Iron ore fell for a second day as weakening profit margins at Chinese steel mills and continued US-Iran hostilities clouded the demand outlook, according to Bloomberg.

The drop reflected concerns that deteriorating steel mill economics in China and rising tensions around the Strait of Hormuz could weigh on consumption of the steelmaking ingredient.
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