Iron Ore-Spot at Three-Week Low

Reuters Africa reported offer prices for iron ore fell further on Wednesday as spot rates dropped to three-week lows with steelmakers.

As quoted in the market news:

Iron ore with 62 percent iron content dropped 0.9 percent to $130.80 a tonne on Tuesday, said the Steel Index .IO62-CNI=SI, the lowest since Nov. 8.

Click here to read the full Reuters Africa report.