High temperature resistant alumina tile for iron ore mining
High temperature resistant alumina tile for iron ore mining
News from Mining News said : Iron ore prices continued their downward trend Tuesday amid ongoing concerns that looming steel production cuts in China on environmental grounds will sap steel mill demand.
Ore with 62% content in the port of Qingdao dropped 2.6% to $61.01 a tonne, according to Metal Bulletin.
The most-traded iron ore on the Dalian Commodity Exchange dropped 2% to 440 yuan per tonne, adding to Monday’s 2.1% decline. Earlier in the session, the contract fell as far as 434.50 yuan, its weakest since July 6.
Benchmark Australian iron ore fines dropped 4.1% Tuesday to a three-month low of $59.1 a tonne, based on data provided by The Steel Index, taking losses since the start of September to more than 20%.
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