Weekly Pricing Pulse: Commodity prices decline on iron ore .
Sep 08, 2021 · Our ferrous subindex was down % as both iron ore and scrap steel prices fell. Iron ore prices dropped to 140 a tonne last week, a ninemonth low, after peaking at 219 in July. Scrap prices dipped to 450 a tonne, down from 518 in late May. The reason for the price drop is linked to uncertainty over future Chinese steel consumption.