Iron Ore Falls as Supply Overhang and Weak Chinese Demand Weigh
Iron ore prices are lower in early Asian trade. Anchof Futures analysts cite persistent supply overhang and weakening Chinese steel demand; steelmakers are curbing restocking as port inventories accumulate.
Iron ore prices are lower in early Asian trade, weighed down by persistent supply overhang and weakening steel demand in China, say Anchof Futures analysts in a note. Demand remains sluggish as steelmakers face mounting losses and curb restocking. Port inventories are accumulating, while mills show…