Tuesday May 15 | Reuters
Iron Ore-Shanghai steel falls 4th day, some mills stop buying ore
Spot iron ore dropped to its weakest level since late February and has given up this year's gains to trade down nearly 2 percent year to date, as a slowing Chinese economy threatens to curb steel output further.
Marine authority issues red tide alert for north China seas
QINGDAO, Shandong, -- A red tide measuring 780 square km in size has been detected in waters near east China's city of Rizhao, according to a notice issued Saturday by the State Oceanic Administration .