Iron Ore: Spot Prices on Course for First Fall in Four Weeks
Investing News Network - November 26th, 2011
Reuters Africa reported spot iron ore prices fell for a fourth time in five sessions with Chinese buying interest stalling.
Reuters Africa reported spot iron ore prices fell for a fourth time in five sessions with Chinese buying interest stalling.
As quoted in the market news:
China steel futures slipped 0.7 percent on Friday, taking its weekly loss to 2.6 percent, its steepest decline in a month. That is likely to put more pressure on iron ore prices which are also headed for their first weekly drop in four weeks.