Iron ore slides to near one-month low on China output pledge
Iron ore fell for a sixth straight session, nearing a one-month low, after major Chinese steelmakers pledged output discipline to reduce steel inventories as margins deteriorate.
Iron ore prices fell for a sixth straight session on Wednesday, touching a near one-month low as some major steelmakers in top consumer China pledged to control production to lower steel inventory amid rapidly falling margins. By 0203 GMT, the most-traded iron ore contract on China's Dalian Commodity Exch…