China Iron-Ore Stocks at 4 1/2-Year High on Supply

- January 24th, 2011

Bloomberg.com reports that questions about iron supply is driving Chinese Iron stocks up.

Bloomberg.com reports that questions about iron supply is driving Chinese Iron stocks up.

The story is quoted as saying:

There were 80.1 million metric tons of iron ore held at ports monitored by Antaike Information Development Co. as of Jan. 21. That’s up 1.9 percent from the week before and the most for the data that go back to June 2006. China accounted for 44 percent of the world’s output of steel in November, according to World Steel Association data

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