Dalian iron ore hits 18-month low as steel margins weigh
Dalian iron ore prices touched an 18-month low on Thursday after China’s week-long holiday break, with weak steel margins dimming demand prospects.
Dalian iron ore prices fell to an 18-month low on Thursday, the first trading session after a week-long holiday break in top consumer China, as weak steel margins clouded the demand outlook for the key steelmaking ingredient. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) CO…