Spot Iron Ore Falls 0.26 Percent

Reuters reported Chinese steel futures fell more than one percent pushing spot iron ore to fall 0.26 percent.

As quoted in the market news:

Iron ore with 62 percent iron content fell 0.26 percent to $117.2 a tonne on Thursday, ending two sessions of gains, according to the Steel Index.

Steel mills showed little buying interest, and the best bid for an Australian fines cargo on trading platform Globalore was $114.5 a tonne, $3 lower than the offer after having traded at $120 on Wednesday, the Steel Index said.

Click here to read the full Reuters report.