Iron-ore tumbles as China steel curbs are back in focus

Iron-ore futures were under pressure on Tuesday, with the Singapore benchmark retreating nearly 7% after a four-day rally and Dalian contracts erasing early gains, as investor focus shifted back to steel production controls in China. The steelmaking raw material's most-active November contract on the Singapore Exchange plunged 6.9% to $126.05 a tonne.

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