Industry News

Iron ore price surges on hopes of increased steel production

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Update time : 2021-11-24 20:05:24

The iron ore price extended a rebound from an 18-month low on bets stronger-than-expected steel output cuts so far this year mean China’s steel mills are primed to lift volumes next month.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $99.83 a tonne, up 4.2% from Monday’s closing.

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