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Iron ore slumped more than 7% — dropping below the $110 a ton mark — after disappointing demand in China left the market lumbered with swelling inventories.
Indian iron ore exports have surged this year as steel mills, mainly in the biggest buyer China, switched to lower-grade, cheaper feed in the face of dwindling profits.. Combined outbound ...
China's imports of iron ore in the first two months of 2023 grew 7.3% from the same period a year earlier, customs data showed on Tuesday, as buyers anticipated higher domestic steel demand in ...
The most-traded January iron ore on China's Dalian Commodity Exchange DCIOcv1 fell 2.6% to 955 yuan ($131.58) per metric ton by 0230 GMT, hitting its lowest in a week.