Iron Ore: Offer Prices For $1-$2 a Tonne

Reuters reported spot iron ore prices fell as it tracked steel in China on lower demand.

As quoted in the market news:

Top miner Vale sold a cargo of 63.99-percent grade iron ore fines at $151 a tonne, cost and freight, at a tender that closed late on Tuesday, traders said.

The price was quite low versus Vale’s previous sale of 64.4-percent grade material at $157, said the Shanghai trader.

Click here to read the full Reuters report.