Thu, Oct 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Metals and Minerals more

Iron Ore Slumps to Lowest Since 2012 as Global Surplus Deepens

Posted on 09 May 2014

Iron ore retreated to the lowest level since 2012, heading for a fourth weekly loss and nearing $100 a ton, as increased seaborne supplies of the steel-making raw material boosted a global glut.
Ore with 62 percent content delivered to the Chinese port of Tianjin fell 1.3 percent to $103.70 a dry ton yesterday, the lowest level since September 2012, according to data from The Steel Index Ltd. The commodity has lost 23 percent this year, extending a 7.4 percent loss in 2013………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37608 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031