Iron Investing News » Spot Iron Ore Price to China Slumped on Steel Dipped

Spot Iron Ore Price to China Slumped on Steel Dipped

August 21, 2009 @ 12:27 am In Iron Market News

The cash price for Australian iron ore delivered to China, the world's leading purchaser, slumped 9.3 percent after Chinese steel prices dipped.

Mark Pervan, senior commodity strategist at Australia & New Zealand Banking Group Ltd., stated:

The steel market is overheated.

For full story, click here ^[1]

Article printed from Iron Investing News: http://ironinvestingnews.com

URL to article: http://ironinvestingnews.com/615-spot-iron-ore-price-to-china-slumped-on-steel-dipped.html

URLs in this post:

[1] here: http://www.bloomberg.com/apps/news?pid=20601116&sid=aqTOK289iNoE