Iron ore sinks to 10-month low on gloom over China construction
The steelmaking material fell as much as 3.9% to $96.25 a ton in early trading on the Singapore Exchange. Prices have floundered since early January as investors adjust to weaker demand prospects from the real-estate sector.
Singapore Exchange China Iron Steel Association Ore Slumps Below Lowest Since May China Iron Steel Association
Source: moneycontrol.com