Iron Ore Slips on Weakening China Demand
Iron ore futures slipped toward CNY 730 per ton, pulling back from six-week highs amid rising concerns over demand in top consumer China as steel margins continued to deteriorate. Industry data showed that only around 30% of steelmakers were profitable as of September 4, down from 32.5% a week earlier and 61% during the same ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.