Tag: Chinese spot Iron ore Prices

Spot iron ore prices rebounded by 28% to USD 56.3/MT CFR China after recording 10-year low in early July. Spot iron ore prices are getting firm since last week as spot steel prices strengthen. It is anticipated that owing to event scheduled on 3rd September (70th World War 2 Anniversary) in Beijing, mills will be restricted for production and there’ll be force shut down in-order to ensure clean air during commemoration. The control…