Iron Ore Prices Reach 7-Month Low

Base Metals Investing

Iron ore prices dropped to a 7-month low of US$113 per tonne due to weak Chinese steel demand, Business Spectator reported.

Iron ore prices dropped to a 7-month low of US$113 per tonne due to weak Chinese steel demand, Business Spectator reported.

As quoted in the market news:

Analysts have forecast weaker iron ore prices this year, only months after a peak in early 2013.

In September 2012 the iron ore price sank as low as $US86 a tonne, putting enormous pressure on high-cost producers.

Click here to read the full Business Spectator news story

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