Iron Ore Bear Market Seen Dooming Arrium to Lowest Bid

Iron Ore Bear Market Seen Dooming Arrium to Lowest Bid

Carla Gottgens/Bloomberg

Even after rising 37 percent this week, Arrium shares have remained below the bid price, reflecting traders’ concerns that there may not be a higher offer as iron ore heads for the worst bear market in two decades, said IG Markets Ltd.