Iron ore price highest since July as China cranks out 16% more steel and stockpiles hit 2-year low

Benchmark 62% iron ore at China's Tianjin port added another 1.2% on Tuesday to $124.90 a tonne, the highest price since July 20 according to data from Steelindex and up 8.3% in December alone. The price was boosted by news from China's...