Iron ore, coal plummet as China’s bug busters strike again

31.10.2022

Iron ore futures tumbled on Friday, with the steelmaking ingredient sinking below $80 per tonne in Singapore and leading a ferrous market rout in China spurred by a gloomy outlook for global steel demand and supply-side pressures.

The most-traded November iron ore on the Singapore Exchange fell as much as 3.6%...