Spot iron ore trends lower again on sagging confidence

摘要

The spot iron ore market softenedThursday, as a sharp decline in equities andflagging confidence in steel fundamentals hitsentiment. Platts 62% Fe IODEX slipped 35cents to $49.55/dry mt CFR North China.Demand was clearly sliding, with multipleoffers being lowered throughout the day amida lack of firm bids.