Iron Ore Falls Lowest in 2013 on Slow Demand

The Sydney Morning Herald reported that iron ore prices fell to its lowest since December 2012 as China’s demand for steel decreased.

As quoted in the market news:

Iron ore has lost more than 9 per cent since hitting a 16-month high in mid-February after Chinese steel mills eased up on restocking given rising inventories of steel products that pointed to weak end-user demand.

Click here to read the full Sydney Morning Herald report.