Spot Iron Ore Falls To Lowest Level In 2 1/2 Years

Reuters reported spot iron ore prices fell to the lowest level in more than 2-1/2 years, weighed down by sluggish demand in top consumer China.

As quoted in the market news:

Benchmark 62 percent-grade iron ore fell $1.30 from day ago to $114.90 per tonne on Wednesday, its lowest point since Dec. 29, 2009, according to data from The Steel Index.

Click here to read the full Reuters report.