Iron Ore Futures Fall 1.18% as Port Inventories Rebound
The most-traded January iron ore contract on China's Dalian Commodity Exchange traded 1.18% lower at 672 yuan. Port inventories rebounded and steel mill profitability remained low.
By Emily Ou YongIron ore futures fell on Friday, paring some of the previous day's gains, as port inventories rebounded and steel mill profitability stayed low.The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1! traded 1.18% lower at 672 yuan ($100.89) a…