Spot Iron Ore Stabilizes, Demand Weak

Base Metals Investing

Reuters reported spot iron ore prices stabilized on Wednesday, as steel mills in top buyer China slowed purchases of the raw material amid a weak outlook for demand.

Reuters reported spot iron ore prices stabilized on Wednesday, as steel mills in top buyer China slowed purchases of the raw material amid a weak outlook for demand.

As quoted in the market news:

Prices offers for imported iron ore cargoes in China were steady on Wednesday after the benchmark 62-percent grade iron ore slipped 0.4 percent to $112.60 a tonne the previous day, according to data provider Steel Index.

Click here to read the full Reuters report.

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