Here are the iron ore charts for March 11, 2015:
Tianjin benchmark iron ore price which fell 80 cents to $57.70, a new low. Paper was stable and in a minor positive so was rebar average. Reuters has texture:
“A combination of weak construction activity and scheduled maintenance at steel mills has sidelined a substantial portion of buying interest (for iron ore) and with inventories of both flat and long finished steel held at mills increasing,” said Kash Kamal, an analyst at Sucden Financial.
