Iron Ore Falls for Sixth Day in Longest Losing Run Since August

Iron ore headed for its longest run of daily losses since August as China’s steel industry heads into the low season and the optimism around the US-China trade truce faded.

The steel-making ingredient dropped for a sixth day, falling to as low as $102.65 a ton. Futures have retreated more than 4% since the close last Wednesday, a day before President Donald Trump and Chinese leader Xi Jinping reset the trade relationship between the world’s two biggest economies at a meeting in South Korea.