Chinese Steel Slowdown Slams Iron-Ore Prices

Iron-ore prices posted their biggest one-month fall in almost eight years as China’s huge steel engine cools and global shipments of the commodity rise.

The price fell 27% to $85.85 a metric ton by the end of August, the most since October 2011, according to S&P Global Platts. The collapse was triggered by global trade tensions after President Trump threatened to impose new tariffs on Chinese goods, some of which went into effect Sunday. The drop deepened amid sluggishness among the Chinese mills responsible for producing…

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