Iron Ore Prices Fall, Outlook Darkens

Reuters reported Chinese traders are selling off iron ore as prices continue fall and investors lose hope of a market rebound anytime soon.

As quoted in the market news:

Big trading firms have the financial muscle to hold on for much longer — traditionally they have been able to hang on until prices recovered. But even state-owned giants like Sinosteel and Minmetals were selling small amounts of stock at a loss, traders said.

Click here to read the full Reuters report.