Iron Ore Price Soars on Boosting Comments from Top producers

Mining.com reported that the price of iron ore price rose to a five-month high after encouraging comments from top producers on the seaborne market for iron ore.

As quoted in the market news,

The benchmark 62% Fe import price including freight and insurance at the Chinese port of Tianjin added $1.20 or 1.9% to $65.10 a tonne according to data provided by The SteelIndex, the highest since January 23. High grade 65% Fe fines at the port of Qingdao were also up sharply rising to $74.10 a tonne, a 1.6% improvement.

Click here for the Mining.com report