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iron-investing

Spot Iron Ore Rises for Sixth Consecutive Day

Investing News Network
Feb. 28, 2012 02:14PM PST
Base Metals Investing

Reuters reported spot iron ore rose again on Tuesday marking the sixth day of gains for the steel making ingredient.

Reuters reported spot iron ore rose again on Tuesday marking the sixth day of gains for the steel making ingredient.

As quoted in the market news:

Prices of Chinese steel products have been rising gradually since last week as demand picks up ahead of construction project restarts in March. That bodes well for iron ore which got off to a slow start this year, given slack Chinese buying interest since the Lunar New Year break in January.

Click here to read the full Reuters report.

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