Iron Ore Price Drops after Doubts over Long term Prospects Rise

Mining.com reported that iron ore price fell on Wednesday after apprehensions arose over the longer-term prospects for the $90 billion seaborne market for iron ore.

As quoted in the market news,

The benchmark 62% Fe import price including freight and insurance at the Chinese port of Tianjin lost $1.20 or 1.9% to $60.90 a tonne according to data provided by The SteelIndex, a two week low.

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