Spot Iron Ore Prices Steady In China

Reuters reported spot iron ore prices in top importer China steadied on Friday after a rally earlier this week spurred caution among buyers.

As quoted in the market news:

But iron ore is up 11 percent so far for the week, its best showing in a month after prices surged earlier this week as Chinese steel mills replenished stockpiles after a week-long holiday.

Click here to read the full Reuters report.