Iron Ore Below $50 Hits Miners as Rio Tumbles 5.1% This Week

  • `We may see iron ore declining to $40,' Maike Futures predicts
  • Low-cost supplies expand while steel production in China drops

Iron ore is rounded out another poor week, capping another bad month in what’s shaping up to be another tough year as the world’s largest miners boost low-cost output while China’s steel demand contracts.

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