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Iron Ore at Risk of Losing All of 2016’s Gains as Slump Deepens

  • There’s ‘good chance’ prices will end year lower, Shenhua says
  • Surge in activity in China steel industry has eased, ANZ says
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Metals Rally Running Out of Steam

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Iron ore is at risk of losing all of this year’s gains.

Ore with 62 percent content fell 0.5 percent to $48.18 a dry metric ton on Thursday after posting the biggest monthly loss in about five years in May, according to Metal Bulletin Ltd. The drop has left prices that topped $70 in April less than $5 above 2015’s close.