China’s iron ore giant says speculation is overheating prices
China Iron and Steel Association said spot prices rose more than 5% in more than three weeks between Nov. 7 and Dec. 2.
Iron ore price surges 5%
The price of iron ore jumped on Monday with the Northern China benchmark import price gaining 4.9% to $55.90 per dry metric tonne (62% Fe CFR Tianjin port) according to data supplied by The Steel Index. Iron ore is trading well below the year high...
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