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iron investing

Spot Iron Ore Falls on Slow Demand

Investing News Network
Apr. 24, 2012 08:37PM PST
Base Metals Investing

Reuters reported that spot iron ore fell on slower demand in China on Tuesday.

Reuters reported that spot iron ore fell on slower demand in China on Tuesday.

As quoted in the market news:

With iron ore’s fate closely tied to steel’s, offer prices for imported iron ore in China, including Australian, Brazilian and Indian cargoes, fell by $1 per tonne after mostly holding steady since last week, based on data from Chinese consultancy Umetal.

Click here to read the full Reuters report.

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