Iron ore prices hurtle to a seven-year high, coking coal prices lag on quotas – Hellenic Shipping News
For the key steelmaking ingredients of iron ore and coking coal, it was a tale of two different markets this week. The price of iron ore punctured the $US120 per tonne ($164.70/tonne) barrier this week, its highest since early 2014 This was on account of a stronger market for steel in China which is targeting […]
Business Insider: Iron ore futures hit record highs as Chinese inventories slide again
By Business Insider Chinese iron ore futures have surged to fresh record highs on Monday. Prices for major iron ore grades closed at or near multi-year highs on Friday. The Commonwealth Bank now expects prices will stay higher for longer than it previously forecast, describing the recent decline in Chinese iron ore port inventories as […]