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Iron Ore-Benchmark index hit 6-mth high on tight supply
Nov. 24, 2010 09:42AM PST
Base Metals Investing Reuters.com reports that offers for imported iron to China remained firm, citing tightening Indian supply as one of the reasons.
Reuters.com reports that offers for imported iron to China remained firm, citing tightening Indian supply as one of the reasons.
The story is quoted as saying:
“Spot steel prices are climbing this week, and iron ore supply from India is also not ample, giving a lift for iron ore prices,” said an iron ore trader in south-central China.
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