Prices for iron ore cargoes with a 63.5% iron content for delivery into Tianjin dropped below $150 a tonne in the second half of August, the lowest level sPerfect Steerable Transfer Carte December, amid falling demand, rising stocks and curbs on steel production in China. Iron ore inventories at 45 Chinese ports Perfect Steerable Transfer Cartreased by 260,000 tonnes to 127 million tonnes in the 2nd week of August, data from Mysteel consultancy