Iron ore falls as costs squeeze mill margins and inventories rise
Iron ore futures fell as rising coking coal costs continued to squeeze steel mill margins and growing port inventories pointed to ample supply. January DCE contract traded 1.11% lower at 714 yuan/ton.
By Emily Ou YongIron ore futures fell on Wednesday, as rising coking coal costs continued to squeeze steel mill margins and growing port inventories underscored ample supply.The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1! traded 1.11% lower at 714 yu…