Weak Steel Market Weighs on Iron Ore

Reuters reported iron ore prices continued to fall on slow steel demand in China.

As quoted in the market news:

The weakness in the steel market continued to weigh on iron ore prices, with the benchmark 62-percent grade ore falling more than 1 percent to $137.60 a tonne on Friday, the lowest since Feb. 22, based on data from Steel Index.

Click here to read the full Reuters report.