BEIJING: The recent plunge in iron ore prices may be just the start of what could be a sustained decline for the rest of the year as demand from the world's biggest consumer is widely expected to further drop under an increasingly strict government campaign to cut steel output to meet environmental and other goals, Chinese industry bodies and experts warned.

Iron ore prices have already been on a declining trajectory over recent days following record-highs earlier this year and further declines could have serious global implications given China's massive imports, especially from countries such as Australia, analysts said.

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