Iron ore price slides sharply

Commodity price hit by Chinese stockpiling, lifting of iron ore mining bans in India.

The iron ore price has fallen sharply as Chinese stockpiling and decisions pertaining to iron ore mining in India's Supreme Court stoke fears of another price collapse.

Benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US112.50 a tonne, a marked decrease on the $US116.50 price in the previous session.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles