Iron ore fell below $70 for the first time in five years as rising low-cost supplies from the world’s top miners deepen a global glut amid concern a slowdown inChina will cut demand in the biggest consumer. Ore with 62 percent content delivered to Qingdao fell 1.2 percent to $69.58 a dry metric ton yesterday, the lowest since June 2009, data from Metal Bulletin Ltd. showed. Prices are heading for a 13 percent loss this month, the most since May. Photographer: Charles Pertwee/Bloomberg Stackers stand next to piles of iron ore at Vale SA's Teluk Rubiah Maritime Terminal in Lumut, Perak State, Malaysia. Iron ore slumped 48 percent this year as surging output from Rio Tinto Group, BHP Billiton Ltd. and Vale SA, the three largest miners, spurred a glut.