Spot iron ore price (Fe 62% fines) continued to drop by $3.85/t to $156.35/t CFR on a weaker demand outlook due to production curbs. Market sources remained apprehensive about weaker iron ore demand from Chinese end-users. Some sources expected other provinces to announce similar measures following the latest Tangshan output curbs announced on 19 Mar. Meanwhile, the Chinese iron ore futures market also remained dull on demand concerns.
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