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Iron Ore to China Falls as Buyers Use Stocks, Deutsche Bank Says
Feb. 24, 2011 02:09PM PST
Base Metals Investing Bloomberg reported that the Deutsche Bank AG said iron ore prices were falling as China turned to stockpiles to meet demand.
Bloomberg reported that the Deutsche Bank AG said iron ore prices were falling as China turned to stockpiles to meet demand.
The market news is quoted as saying:
The price of ore with 62 percent iron content has slid 3.6 percent since Feb. 17 to $184.90 a metric ton, according to Steel Business Briefing Commodities Research. That cut the past year’s gain to 41 percent.
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