Iron Ore Prices Slashed $3-$4 A Tonne

Reuters reportedsellers of foreign iron ore cargoes to China slashed prices a further $3-$4 a tonne on Tuesday.

As quoted in the market news:

That followed a nearly 4 percent drop in the price of benchmark 62-percent iron ore IODBZ00-PLT to $97.50 per tonne on Monday, the lowest since November 2009, based on data from information provider Platts.

Click here to read the full Reuters report.