Sat, Aug 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Iron ore prices fall to 2½-month low

Posted on 12 March 2013

Iron ore prices have fallen to a 2½-month low as Chinese steelmakers resist restocking amid weakening economic data. Spot prices for the benchmark 62 per cent grade of the commodity fell to $144.10 a tonne on Monday, the lowest so far this year and down 9.3 per cent since mid-February, according to The Steel Index, a price reporting agency.
The price of iron ore is critical to the global economy as it feeds through into the price of steel and everyday goods such as cars and washing machines. It is also key to the profitability of three of the world’s largest mining companies: BHP Billiton, Vale and Rio Tinto………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36568 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31