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    iron-investing

    Iron Ore: Steel Sags, Iron Rises

    Investing News Network
    Jun. 12, 2012 12:45PM PST
    Base Metals Investing

    Reuters reported steel prices sagged on fear of decreased demand in China prompting iron ore to rise for the second day in a row.

    Reuters reported steel prices sagged on fear of decreased demand in China prompting iron ore to rise for the second day in a row.

    As quoted in the market news:

    Benchmark iron ore with 62 percent iron content gained 0.7 percent to $132.30 a tonne on Monday, according to Steel Index, rising for a second straight day.

    Click here to read the full Reuters report.

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