Iron ore drops to multi-month low on weaker demand
The most-traded Dalian iron ore contract fell for a fifth straight session, down 1.16% in daytime trade.
Iron ore prices extended declines to multi-month lows on Friday, pressured by weak steel consumption and expectations of higher supply of the key steelmaking ingredient. The most-traded iron ore contract on China's Dalian Commodity Exchange COMEX:TIO1! 16% a…