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2332 GMT [Dow Jones] Activity in the iron-ore market remains subdued, reports ANZ. "Buyers continue to bid below US$50/ton and sellers look determined to hold cargoes and wait to get a clearer picture," it says. Iron ore fell 1% Tuesday to US$49.40/ton, according to The Steel Index. (rhiannon.hoyle@wsj.com; Twitter: @RhiannonHoyle)

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