Iron Ore On Track for Third Monthly Gain

Base Metals Investing

Spot iron ore prices are poised to make gains for a third month, reflecting robust Chinese steel demand, Reuters reported, although more supply could pressure the steelmaking commodity.

Spot iron ore prices are poised to make gains for a third month, reflecting robust Chinese steel demand, Reuters reported, although more supply could pressure the steelmaking commodity.

As quoted in the market news:

Shanghai steel futures were steady on Friday and set to extend their winning streak to a third month in a row as Chinese producers anticipate brisk consumption during the seasonally strong period in September and October.

Click here for the full story by Reuters

 

 

The Conversation (0)
×