Iron Ore Falls to Two-Week Low on China Steel Demand Concerns

Iron ore fell for a fourth session in Singapore, the longest run of losses in almost three months, on concerns about a worsening demand outlook in China.

The steelmaking ingredient traded near $107 a ton and touched the lowest level in more than two weeks. The declines followed data released on Monday showing the Chinese economy slowing across the board in April with investment resuming declines, as a global energy crisis hits factories and consumers across the world.