China Steel Group Executive Expects Decline in Iron Ore Price

December 19, 20207:27 pm

The value of iron ore has soared over the past month, with benchmark spot prices climbing to a nine-year high of more than $160 a metric ton, as a resurgence in China’s economy coincides with constrained supply. Elevated prices have already prompted the association to call for government intervention. The Dalian exchange has toughened trading terms in an effort to rein in speculators.

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Shekhar Yadav

I am a full time stock market investor. The blog is an extension of my research, thoughts & opinion. Please don't consider anything on this website to be an investment advise.

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