Iron Ore Falls on Sluggish China Steel Demand and Margin Squeeze

Iron ore resumed its recent decline and headed for the biggest weekly drop since February as weak steel demand in China and shrinking mill margins weighed on sentiment.

Futures of the steelmaking ingredient, which have slipped in six sessions out of seven, were down more than 4% so far this week. Iron ore on the Dalian Commodity Exchange was on track for its lowest level since July.