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Spot prices of iron ore with 63.5% iron content for delivery to Tianjin remained above $110 a tonne at the end of a turbulent 2021 year, recovering from a 16-month low of about $85 in November but remaining below a record of $229.5 hit in May. Still, iron ore headed for an over 27% yearly loss in 2021 and is expected to remain under pressure in 2022 due to steel curbs,,,,,
