Markets

Iron Ore Prices in Another 14-Month Slide to $145.40 a Tonne

Just when the resources industry in Australia was anticipating a further improvement in iron ore prices, reports said that the price of the key steelmaking ingredient plummeted to a 14-month biggest daily drop to $145.40 a tonne.

That means the price of iron ore with 62 per cent iron content declined by $7.50 a tonne, the largest daily drop since November 2011, data provider Steel Index said.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos