Iron Ore at Highest Since January 10 as Chinese Buyers Rebuild

Reuters reported that iron ore has reached its highest in nearly 6 weeks as Chinese buyers start rebuilding stockpiles ahead of firmer spot steel prices.

As quoted in the market news:

Traders with iron ore stocks stored at major Chinese ports have increased their prices by 10 yuan to 20 yuan ($1.60-$3.20) per tonne this week, he said.

Click here to read the full Reuters report.