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China’s curbs on steel production, pollution and energy consumption send iron ore prices tumbling

Summary:
[unable to retrieve full-text content]Investors are fire-selling mining stocks, iron ore traders are losing money, and smaller miners are pulling back shipments because of falling iron ore prices driven by tumbling Chinese demand.Even usual seasonal factors, such as lower Chinese steel demand ahead of winter, will have little impact on plunging prices that have sent the iron ore supply chain reeling, as the downward momentum caused by fundamental changes to China’s steel and iron ore demand gets under way, analysts say.Iron ore,…

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[unable to retrieve full-text content]
Investors are fire-selling mining stocks, iron ore traders are losing money, and smaller miners are pulling back shipments because of falling iron ore prices driven by tumbling Chinese demand.Even usual seasonal factors, such as lower Chinese steel demand ahead of winter, will have little impact on plunging prices that have sent the iron ore supply chain reeling, as the downward momentum caused by fundamental changes to China’s steel and iron ore demand gets under way, analysts say.Iron ore,…

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