Iron ore’s price hits US$157/ton on Dec 10
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Update time : 2020-12-11 17:41:44
According to the market on December 10th, the price of iron ore remained strong trend, even hit US$157/ton, showed a 25% increment in recent half-month, which was also the highest point in recent 7 years.
The main reason for the strong price trend of iron ore was stimulated by the strong market demand for steel products, not only in the EU and US but also in China.
By some of the market participants’ prediction, the iron ore price might remain strong as the price of steel seemed no hints to get rest yet.
