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    iron investing

    Iron Ore: Spot Iron Falls Near Three-Month Low

    Investing News Network
    May. 17, 2012 02:16PM PST
    Base Metals Investing

    Reuters reported spot iron ore prices fell to their lowest in nearly three months on Thursday, knocked by limited buying interest from Chinese mills adjusting to weak steel demand.

    Reuters reported spot iron ore prices fell to their lowest in nearly three months on Thursday, knocked by limited buying interest from Chinese mills adjusting to weak steel demand.

    As quoted in the market news:

    Reflecting the weak market, there were no deals for a second day on Wednesday on China’s physical iron ore trading platform, which debuted last week, according to the website of platform operator China Beijing International Mining Exchange.

    Click here to read the full Reuters report.

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