Global Iron Ore Prices End Four-Day Rally

Reuters reported global iron ore prices ended their four-day rally on Thursday, with Metal Bulletin’s index dipping $1.74 to $110.96 a tonne.

As quoted in the market news:

The global market is looking to China, by far the world’s biggest iron ore consumer and steel producer, to take the lead in propping up the sector, but analysts said there was little hope of any substantial new stimulus, and little chance that over producing local mills would reduce output.

Click here to read the full Reuters report.