25 Aug 09 China iron-ore prices fall to $95/t on demand drop
SHANGHAI – Benchmark iron-ore prices in China fell to $95/t on Monday, easing 17% from its nearly one-year peak of $115 in early August, as traders said many Chinese steel mills stopped buying ore for future delivery. Indian ore of 63/63,5 percent iron content for future delivery was quoted at $95-98 a ton, including freight costs, while ores for immediate delivery were bid at about 780 yuan ($114) a ton, industry consultancy Mysteel said on Monday. Many steel mills in the largest producing country had bee... Full articleTags: irion ore price, iron ore
