Reported about 1 month ago
Iron ore prices fell below $90 a ton for the first time since 2022 due to weak Chinese demand and fears surrounding global economic growth. This decline comes amid a broader downturn in the commodities market, with base metals and crude oil also experiencing drops. Analysts point to concerns over China's steel industry crisis and lack of significant stimulus, with expectations that prices may stabilize as China's construction season picks up in mid-September.
Source: YAHOO