Iron Ore-Spot Extends Losses as China Buying Stalls

- November 29th, 2011

Reuters reported sellers of iron ore slashed prices further on Tuesday as spot rates fell the most in a month.

Reuters reported sellers of iron ore slashed prices further on Tuesday as spot rates fell the most in a month.

As quoted in the market news:

Sluggish Chinese steel demand has kept mills from buying more iron ore after replenishing run-down inventories in the first three weeks of November soon after spot prices fell to 22-month lows of below $117 a tonne.

Click here to read the full Reuters report.

Get the latest Iron Investing stock information

Get the latest information about companies associated with Iron Investing Delivered directly to your inbox.

Iron Investing

Leave a Reply