Iron ore fell for a fourth straight session in Singapore, the longest losing
streak in nearly three months, amid concerns over weakening Chinese demand.
Prices slipped near $107 a ton after data showed China’s economy slowed broadly
in April, with investment resuming declines as the global energy crisis weighed
on factories and consumers. GF Futures Co. said recent steel price gains had
outpaced demand, while high prices were also hurting Chinese steel exports and
overseas consumption.
