Spot Iron Ore Reached Two-Week Low

Reuters reported spot iron ore is at a new low for two weeks on lower trading from China.

As quoted in the market news:

China’s industry pricing leader, Baoshan Iron & Steel, last week said it would raise prices for March bookings after keeping them flat in February, but many market participants remained unsure whether steel demand would rebound next month.

Click here to read the full Reuters report.

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