Iron ore prices tumbled to a seven-month low yesterday as negativity spread through the Chinese steel industry.
Analysts said that both traders and steelmakers in China, which accounts for 60 per cent of global seaborne iron ore imports, had been selling down stocks amid widespread anxiety about the outlook for demand, and concerns about overcapacity in the industry.
“Panic is building on panic,” said Melinda Moore, bulk commodity strategist at Standard Bank in London.
您已閱讀20%（471字），剩餘80%（1914字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。