Demand Bouncing Back

Iron Investing News reports the global commodity market is bouncing back.

BHP, the Anglo-Australian company’s involvement in the full range of mining, from iron ore to diamonds to coal, gives it a broad take on the overall state of the commodities market. Last November, BHP Billiton was forced to defer delivery of 6 million tonnes of iron ore – equivalent to 5 per cent of its annual production – after a stockpile of up to 68 million tonnes built up at Chinese ports, with another 125 million tonnes standing idle at the country’s steel mills.

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