Iron Ore: Steel Selling Off, Keeps Iron In Check

Reuters reported steel futures in China dropped for the first time in three weeks keeping iron ore prices in check.

As quoted in the market news:

Vale sold 205,800 tonnes of 65.04-percent grade Carajas iron ore fines at $143.05 a tonne in a tender on Wednesday and another 80,000 tonnes of 63.14-percent grade Guaiba sinter feed at $132.56 a tonne, prices largely similar to recent deals, traders said.

Click here to read the full Reuters report.