Reported about 9 hours ago
Iron ore prices have stabilized just above their lowest point since mid-January, as investors consider China's demand outlook amidst potential steel production cuts announced by the government. Futures for iron ore traded slightly above $100 per ton, as concerns about oversupply and a recovering market arise, with expectations that demand may increase during the upcoming high season. Analysts suggest any rebound in prices may be limited by high shipment data and ongoing supply conditions.
Source: YAHOO