Asian iron ore spot prices edge down as demand falters

摘要

Seaborne iron ore prices edged lower for the second straight day Tuesday as torrential rain in Southern China saw buyers holding back their purchasing decisions. The Platts 62% Fe spot price assessment was down 1.50 dollars to 137.50 dollars/dry mt CFR North China. Heavy rains in China have curtailed steel demand as construction projects came to a halt due to the weather conditions. “We can't send out steel in this downpour because our customers can't take delivery.