Industry News

Iron ore price lowest in 11 months as China’s peak construction season disappoints

Update time : 2022-10-26 16:42:38

Iron ore prices slumped on Tuesday as China’s steel demand season draws to an end with a disappointing outcome.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $89.36 a tonne Tuesday morning, down 2.3%, the lowest since November 2021.

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