Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Iron Ore Slides to 4-Year Low

Iron ore futures fell toward CNY 670 per ton, touching fresh four-year lows as increased blast furnace maintenance in China and abundant global supply weighed on prices.

  • Iron ore prices plummeted to 4-year low of CNY 670 per ton
  • Maintenance at Chinese blast furnaces and global oversupply drove decline
  • Iron ore stockpiles expanded by 1.99 million tons to 12.58 million tons

More from Wednesday 14 October →