Iron ore stays near multi-month low as demand lags
Iron ore prices remained near a multi-month low, pressured by softer steel consumption and expectations for rising supply, with China Dalian’s most-traded iron ore contract in focus.
Iron ore prices extended their decline on Friday, holding around a multi-month low as lacklustre steel consumption and expectations of rising supply weighed on the key steelmaking ingredient. The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1…