Weakening Global Iron Ore Production Stirs World Prices Anew

International Business Times reported analysts speculate weakening global steel production will depress iron ore prices further.

As quoted in the market news:

China has been the largest importer of the world’s iron ore, taking as much as half for some years now. Its hunger led to many iron ore explorations and drillings, and contributed large amounts to the coffers of mining companies. Moreover, those shipments drove the prices of commodities for almost a decade.

Click here to read the full International Business Times report.