Iron Ore Prices Fall on Weak Demand Outlook
Iron ore prices fell in Asian trade as weak demand expectations and ample supply weighed on the market, according to Baocheng Futures analysts. They said steelmakers’ pressure on profitability is prompting mills to curb production and limiting ore consumption.
Iron ore prices fall in Asian trade. A weak demand outlook and ample supply continue to weigh on the market, Baocheng Futures analysts write in a note. Chinese steelmakers' profitability remains under pressure, prompting mills to curb production and keeping ore consumption subdued, they say. Port a…