Iron ore falls below $57/t

THE iron ore spot price slumped 3.3% overnight to a new six-year low.

The Metal Bulletin 62% fines price dropped 3.3% or $US1.95 to $56.95, the lowest level in the index’s history.

The spot price for 58% fines dropped 2.2% or $1.04 to $46.75/t.

loader