Iron ore futures in China, the biggest buyer of the steel-making commodity, fell the most in more than a month after a report that banks will raise the cost of financing for purchasing the raw material.
The contract for September delivery on Dalian Commodity Exchange retreated 4.4 percent to 760 yuan ($122) per metric ton, the largest loss since March 10 and lowest close since March 27. Steel reinforcement-bar and hot-rolled coil futures also declined.
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William Bi, Bloomberg News via CHINA US Focus http://ift.tt/1ix0d8c
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