Seaborne iron ore prices fall below $60 per tonne cfr again

摘要

A slump in China’s futures and steel markets sent the price of abenchmark seaborne cargo of iron ore below $60 per tonne cfr Chinaon Friday October 27.China’s ferrous futures retreated across the board during the day,with the benchmark contract for iron ore experiencing the heaviestloss of 5.6% in comparison with its settlement price a day earlier.The weathervane steel billet price in Tangshan also dropped 40yuan ($6) per tonne late in the afternoon.