Iron ore prices are still in retreat.
The spot price for 62% fines fell 1.1% to $US90.06 overnight, according to Metal Bulletin.
It still leaves prices at elevated levels, with the benchmark price for the 62% ore having broken through $US90 earlier this week.
Metal Bulletin noted that “recent gains proved unsustainable”.
Trading in iron ore futures resumes at 12pm AEDT.
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