year low amid trade concerns and challenging demand outlook

Iron ore slumps to one-year low amid trade concerns and challenging demand outlook Iron ore prices hit a 1-year low amid concerns over Radiant World, a major trader, and weak demand. Vitol Group and Cargill Inc. stopped business with Radiant World over fake invoice concerns. By Bloomberg Iron ore sank to the lowest level in more than a year amid concerns about a major physical trader of the commodity, which compounded existing market softness linked to a challenging demand outlook. Futures for the steelmaking ingredient retreated by as much as 1.9% to $94.10 a ton in Singapore, the lowest intraday…