Iron ore fell back below $200 a ton as China intensified efforts to rein in surging raw material prices, while growing concerns about inflation sparked a broad retreat across energy and commodity markets. Traders were spooked after China’s cabinet Wednesday called for tougher oversight of commodity markets and protection for consumers from soaring prices. Markets fell under the weight of inflation fears and concerns about the global economic recovery, threatening a rally that drove raw materials to a nine-year high last week. “High commodity prices are now a concern for China and steel production controls seem likely ... (full story)