Spot Iron Prices Should Stay

Reuters reported spot iron ore prices are expected to stay near the five-month high with little activity on the physical market in China.

As quoted in the market news:

Iron ore ended the first quarter up nearly 7 percent, rebounding from a decline of 19 percent in the last three months of 2011, supported by hopes demand from top importer China will strengthen as construction activity turns brisk after winter.

Click here to read the full Reuters report.