Low Steel Demand Pushes Iron Ore Down

Reuters reported on low steel demand in China and its effect on the dropping iron ore price.

As quoted in the market news:

Poor demand for steel in China, the world’s largest producer, has also spilled over to the iron ore market, with benchmark 62-percent grade ore .IO62-CNI=SI falling for the eighth consecutive day on Friday to $125 a tonne.

Click here to read the full Reuters report.