Iron Ore Hits Fresh 4-Year Low
Iron ore futures declined toward CNY 670 per ton, reaching their lowest level in four years after China’s state-backed iron ore buyer secured a new supply agreement with Rio Tinto, easing concerns over supply availability. The China Mineral Resources Group verbally informed several steel mills of the deal on Wednesday, although specific terms were not ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.