Iron Ore Prices Rise, Still Near Six-Month Low

Reuters reported spot iron ore prices rose on Friday, but are still hovering around six month lows on decreased demand from China.

As quoted in the market news:

Benchmark iron ore with 62 percent iron content inched up by 40 cents to $130.30 a tonne on Thursday, data from the Steel Index showed. Prices have fallen around 13 percent since mid-April, and hit $129.9 a tonne on Wednesday, their lowest level since November 2011.

Click here to read the full Reuters report.