China’s state planner NDRC will hold a meeting with various stakeholders in the iron ore industry on 17 Feb’22 to discuss measures to crack down on speculation to control soaring prices. Notably, iron ore spot prices touched $150/t levels in early-Feb against $90/t levels in Nov’21. Raw material prices in China are expected to rise further as the country’s steel production is expected to gather pace post the Winter Olympics.
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