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Iron Ore-Slump extends; ore below $100, Shanghai rebar at record low

Reuters | August 26, 2012 | 2:57 pm Asia Australia China Iron Ore 

Shanghai steel futures stretched their losing streak to a 10th day on Friday, hitting a record low and giving steel producers more reason to shun iron ore cargoes as prices of the raw material dropped below $100 for the first time since 2009.

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