Iron Ore Trading Flat On Low Physical Demand

Reuters reported spot iron ore prices steadied on Tuesday amid a slow week as trade slowed in China during a week long holiday.

As quoted in the market news:

Prices are likely to bounce back when the Chinese return next week after the Oct 1-5 National Day break and replenish their stockpiles of the steelmaking raw material, although sluggish Chinese steel demand would keep any gains in check, traders said.

Click here to read the full Reuters report.