Seaborne iron ore prices weaken further amid steel, futures losses

摘要

Seaborne iron ore prices continued to fall toward the $65-per-tonne-cfr-China mark on Monday March 19 amid heavy losses in China's steel and futures markets.China's ferrous futures tumbled across the board again, with the benchmark iron ore contract recording the biggest loss in percentage terms - 4.5% - compared with last Friday's settlement price.The country's spot rebar and hot-rolled coil prices also dropped 30-80 yuan ($4.70-12.60) per tonne during the day.