Iron Ore-Spot Extends Losses as China Buying Stalls

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.