Spot Iron Ore Falls on Slow Demand

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.