Industry News

Iron ore futures slide

Views : 9
Update time : 2024-11-07 15:44:03

The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended morning trade 0.95% lower at 780 yuan ($109.16) a metric ton.

The benchmark December iron ore on the Singapore Exchange shed 2.08% to $103.2 a ton, as of 0359 GMT. “Some traders chose to liquidate part of long positions to lock in profits following rises in previous days,” said Pei Hao, an analyst at international brokerage Freight Investor Services (FIS).

Related News
Read More >>
Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio
Nov .14.2024
Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio
Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13 Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13
Nov .14.2024
Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nov .14.2024
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry
Nov .14.2024
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry