Physical iron ore prices continued to weaken amid limited liquidity on Monday March 12.
Key driversChina's ferrous futures experienced a fourth day of across-the-board losses in comparison with the preceding day's settlement prices, with the benchmark iron ore contract shedding 2.6% of its value.The weathervane billet price in Tangshan also fell 40 yuan ($6.30) per tonne late in the afternoon.North China's steelmaking hub of Tangshan initiated another emergency response to heavy air pollution from 6pm last Friday, with a yet-to-be-specified end date, local sources told Metal Bulletin. Measures include the suspension of all sintering and pellet-making operations with...