Iron Ore Sinks to 10-Month Low on Gloom Over China Construction
Gift this articleIron ore dropped to the lowest level in 10 months as China’s years-long property crisis keeps pressure on prices even amid wider signs of a pick-up in growth.
The steelmaking material fell as much as 3.9% to $96.25 a ton in early trading on the Singapore Exchange. Prices have floundered since early January as investors adjust to weaker demand prospects from the real-estate sector.
Iron Ore Sinks to 10-Month Low on Gloom Over China...
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