IRON ORE PLUNGES AND GOES BELOW US$ 40, TO US$ 39.51

Iron ore price plunged this Wednesday to US$ 39.51 per tonne.

The fall was 4% in a daily basis and sent the product below US$ 40 again.

The price is for the product 62% Fe negotiated in Qingdao, China, according to the Metal Bulletin.