Iron ore prices fall on weak steel demand, analysts say
Iron ore prices are lower in early Asian trade, pressured by weak demand from steelmakers. Baocheng Futures analysts also note overseas shipments rebounded despite a holiday-related dip in port arrivals.
Iron ore prices were lower in early Asian trade, weighed by weak demand from steelmakers amid widespread losses across the steel industry, Baocheng Futures analysts wrote in a note. Despite a holiday-related decline in port arrivals, overseas shipments have rebounded, with both arrivals and...