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Reuters reported iron ore and rebar rose on hopes China’s steel demand will increase coming into the construction season.
Reuters reported iron ore and rebar rose on hopes China’s steel demand will increase coming into the construction season.
As quoted in the market news:
Sellers of imported iron ore in China lifted prices on Monday by at least a dollar per tonne, betting demand will continue to pick up.
Australian 63-grade Newman iron ore fines were quoted at $141-$143 a tonne and 61.5-grade MAC fines at $137-$139, while Brazilian 65-grade material were offered at $150-$152, said Chinese consultancy Umetal. All prices include freight costs.
