Subscribe to RSS feedChinese steel demand lifts price of iron ore
by
Liz McCarthy, London
—
last modified
Mar 15, 2010 09:11 AM
THE price of iron ore delivered to China has reached a one-year high as steelmakers increase demand for the material.
Norwegian broker Lorentzen & Stemoco reported that the price for 62% content iron ore delivered to Tianjin rose to a 14-month high of US$133.10 per tonne, up almost 10% than a week ago.
“The high spot prices may make it...
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