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Iron in China Sags Most Since April as Steel Demand Slows

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Iron ore in China slumped the most in seven weeks amid concern that steel consumption in the world’s largest user was faltering, curbing demand for the raw material.

Futures on the Dalian Commodity Exchange sank 2.9 percent to 425 yuan ($68.46) a metric ton on Wednesday, the most since April 29. Ore with 62 percent content delivered to Qingdao fell