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It's reported that the spot iron ore prices have dropped recently.At present, the spot prices of Indian iron ore fines contain 63.5% Fe have fallen to US$145.75~US$146.75/ton C&F, decreasing by US$2/ton from the previous quote of US$147.75~US$148.75/ton C&F.It's analyzed that the decreased iron ore prices were caused by dropped steel prices in China.