Iron ore prices continue their downward trend

Global iron ore production maintains a surplus, causing iron ore prices to fall this year and traders expect prices to fall further amid weak demand.

For large miners such as Vale, Rio Tinto and BHP Billiton, falling iron ore prices make their business more difficult as the iron ore market fell 70% in three years.

In addition, iron ore prices will continue to fall if not only large producers but also a small supplier like Iran, which has raised its exports to China, can flood the market.