Iron ore hovers near two-year trough amid oversupply
Iron ore remained close to its lowest level in more than two years as weakening steel demand in China and rising global shipments kept pressure on prices, despite expectations of additional economic support from Beijing. The benchmark November contract on the Singapore Exchange traded around $90.60 a tonne on Monday, October 26, after falling below $90 earlier this month. The most-traded contract…
We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.
