Iron ore price weakens as Australia flags return to sub-$100 prices
Futures dropped for a fourth day in Singapore, to trade about 3% lower for the week.
ArcelorMittal South Africa (AMSA), a subsidiary of ArcelorMittal, the world’s biggest steelmaker, this week announced an agreement which may see the acquisition of an iron ore “resource” in the Northern Cape.
At the same time, parent company ArcelorMittal announced its first quarter earnings, where, for the first time, it reported its mining interests as a separate segment.
