Iron Ore Trapped At 2-1/2 Year Low

Reuters reported iron ore prices remained at a two and a half year low on Monday as Chinese steel futures reached an all-time low of $570 a tonne.

As quoted in the market news:

Iron ore with 62 percent iron content fell 1.5 percent to $110.2 per tonne last Friday, the lowest since December 24, 2009.

Click here to read the full Reuters report.