Iron Investing News » Iron Ore Price Hit Rock Bottom In China

Iron Ore Price Hit Rock Bottom In China

May 14, 2010 @ 10:24 am In Iron Market News

On Thursday, iron ore prices hit rock bottom due to slow purchases by traders after Beijing, China has resolved to heal the Chinese economy, which means decrease in demand for iron (Fe) in producing steel.

London Commodity Brokers is quoted in a report:

“There is no sign of a pick-up in the physical market."

Click here to access the entire news ^[1]

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[1] Click here to access the entire news: http://www.ft.com/cms/s/0/bcd24038-5e6d-11df-9266-00144feab49a.html?ftcamp=rss