Iron Ore Price Down on Fears of Regulatory Controls

Iron ore prices continued to fall on Tuesday after new steel curbs in China.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $121.67 a tonne, down 1.6% from Monday’s closing. Stainless steel futures on the Shanghai bourse ended 2.2% lower at 19,010 yuan a tonne. Benchmark iron ore futures on the Dalian exchange were down 1.5% to 711 yuan a tonne.

View entirety: MINING.COM