Iron ore prices have fallen for the third consecutive week reflecting the evaporation of confidence in China's economic stimulus threatening steel raw material demand in the coming months.
According to the assessment of commodity price reporting agency Argus, 62 percent spot iron ore for delivery to northern China closed at $116.05 per ton on June 24, down 4.8 percent from the previous week.
The benchmark price fell 27.6% from the 2022 high of $160.30 per ton on 8 March.
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