Iron Ore: Steel Sags, Iron Rises

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.