China produced 83.24 million tons of crude steel in August, down 13.2% from the same period of the previous year.
Iron ore price fell on Thursday after China reported a decline in the country's steel production in August.
The benchmark 62% Fe fines for imports into northern China were changing hands at $107.21 per tonne (December trades), down 7.7% from Wednesday's close, according to Fastmarkets MB.
According to CME, it changed hands at $119.96 for October futures and $102.81 for November futures.
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