Iron-Ore Prices Steady

Feb. 09, 2011 10:38AM PST

Reuters Africa is reporting that spot iron prices are remaining steady, with physical market activity expected to pick up when China’s markets reopen after their Lunar New Year holiday. The article states: The recent rally in spot iron ore prices is likely to push up second-quarter contract rates to a record $165 a tonne for […]

Reuters Africa is reporting that spot iron prices are remaining steady, with physical market activity expected to pick up when China’s markets reopen after their Lunar New Year holiday.

The article states:

The recent rally in spot iron ore prices is likely to push up second-quarter contract rates to a record $165 a tonne for Australian mines with 62 percent iron content.

To read the full article, click here.

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