China's Steel Slowdown Hits Global Iron Ore Market

Via Metal Miner Global iron ore markets are under renewed pressure as futures prices continue to fall, driven by mounting concerns over China’s faltering economy and weakening demand from its steel and property sectors. Meanwhile, current iron ore prices continue to fluctuate. According to reports, iron ore futures fell to their lowest levels in a week on Monday, September 1, with the January contract on China’s Dalian Commodity Exchange dropping 2.67% to about US $107.09 (766 yuan) per metric ton. This was the lowest figure seen since…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com