Author: Lalita
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Iron ore futures tumble as China ramps up efforts to control price surge
Iron ore futures in Dalian dropped by 3.4% as China rolled out more measures to temper recent gains. Tangshan city banned steelmakers from fabricating or spreading price-hike information, the latest in a list of measures targeting the hub, after Premier Li Keqiang earlier this week urged China to deal with surging prices. Futures in Singapore…