The price of iron ore at Tianjin Port falls to $125.60/metric ton, a new low for 2012 as Chinese...

|By:, SA News Editor

The price of iron ore at Tianjin Port falls to $125.60/metric ton, a new low for 2012 as Chinese inventories hit a record high. Even as demand shrinks, producers continue to increase output, both RIO and BHP digging up record amounts this year, and BHP planning on nearly a 40% increase by 2014.