Dalian iron ore price tumbled on Thursday on slow manufacturing activities in China. Benchmark iron ore futures on the Dalian bourse plummeted 8.7% to 651 yuan ($101.87) per tonne. Stainless steel futures on the Shanghai bourse, for November delivery, ended up 1.1% at 20,470 yuan per tonne. Earlier in the session, they had risen 5.1% to 21,280 yuan. However, analysts say stainless steel consumption is still slow in the short term as recent power rationing has hurt manufacturing activities in the world’s second-largest economy. Other ferrous metal prices in China plunged in afternoon trading, with coking coal, coke ... (full story)