Iron ore price slump justified by improving supply, China ...
Aug 24, 2021 · Iron ore's rapid retreat in recent weeks shows once again that price pullbacks can be as disorderly as the exuberance of rallies, before the fundamentals of supply and demand reassert themselves. Depending on which price for the steelmaking ingredient is used, the price has slumped between % and 44% since the alltime high reached on May 12.