Iron Ore Falls 1.62% as China’s State Buyer Reaches Deal With Rio Tinto
Iron ore futures fell after China’s state iron ore buyer reached a new supply deal with Rio Tinto. Steel mill margins showed little sign of improvement.
By Emily Ou YongIron ore futures fell on Thursday after China's state iron ore buyer reached a new supply deal with Rio Tinto, while steel mill margins showed little sign of improvement.The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1! fell 1.62% to 66…