Iron ore prices fell on Thursday as Chinese domestic consumption remains sluggish on steel production controls. The most active iron ore futures on the Dalian Commodity Exchange, for September delivery, plunged as much as 5.6% to 999 yuan ($154.54) per tonne, their lowest since May 27. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $171.55 a tonne, down 6.5% from Thursday’s closing, the lowest since April. “Domestic consumption (for iron ore) is weakening significantly… due to different perception of crude steel output cuts, iron ore prices have been ... (full story)