The price of iron ore catches with Shanghai rebar prices, falling below the $120/ton mark. $120...

|By:, SA News Editor

The price of iron ore catches with Shanghai rebar prices, falling below the $120/ton mark. $120 has importance as it's thought to be the level below which Chinese miners will stop producing the stuff, and hopefully - for companies like BPH, RIO, and VALE - bring about a rebound in the price. (see also)