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    November 12, 2020

    Iron ore prices hurtle to a seven-year high

    Commodities, Iron Ore, Steel Industry Iron Ore Price

    From 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 massive investment in its infrastructure. 

    For the 62 per cent grade iron ore fines product, spot prices were transacting around $US121.75 per tonne, according to Metal Bulletin. 

    A week ago, iron ore cargoes delivered to ports in China were trading around $US116.85 per tonne, the price reporting agency said…Full Story

    Pakistan – Steel builds nations China probe into state miner’s shock bond default reveals market defects

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