Iron ore price slumps to three-week low on weak China demand, strong global supply
Property investment in China fell 10.1% in the first half of 2024 from a year earlier.
Iron ore prices on the Chinese spot market were largely unchanged on Tuesday, with traders still unwilling to risk making purchases as they try to determine underlying demand in the coming months.
Indian ore with 63.5/63 percent iron content was being offered at $182-185 including freight, according to the Umetal consultancy, unchanged since last Friday, but there were few takers.