Spot Iron Ore Prices Fall Below $100

Reuters reported iron ore fell back below $100 a tonne after a three-day rally, prompting sellers to cut price offers on Thursday.

As quoted in the market news:

Price offers for imported iron ore in top consumer China dropped by $2-$4 per tonne, according to industry consultancy Umetal, after the benchmark 62-percent grade fell 2.1 percent to $98.10 a tonne on Wednesday, based on data from price provider Steel Index.

Click here to read the full Reuters report.