Iron Ore Prices Getting Firm on Recovering

IBTimes reported Iron ore prices continued their 13-day winning streak Friday encouraged by strong demand from top buyer China.

As quoted in the market news:

On Wednesday, iron ore prices reached $147.20 per tonne, its highest since Oct. 19, a result of Chinese steel mills’ restocking of the commodity after the spot price crashed. The market demand softened in the past few months, sending prices of iron ore to fall below $117 per tonne in late October, marking a 22-month low.

Click here to read the full IBTimes report.