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World


Iron ore, coking coal sink deeper in China; but rebound seen

By Manolo Serapio Jr
MANILA, Dec 8 (Reuters) Chinese coking coal futures tumbled more than 5 percent and iron ore dropped nearly 3 percent on Friday, extending steep losses from the session before as the steelmaking commodities tracked a retreat in steel prices after recent rapid gains.
China's curbs on steel output to fight smog during winter have reduced inventories and output at the world's top producer, helping fuel a rally in steel prices to three-month highs earlier this week.
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