Iron Ore: Spot Iron Falls Near Three-Month Low

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.