Iron ore repeats one-month high in China on higher demand, improved steel fundamentals

摘要

Iron ore prices continued to rally on higher demand amid better steel market in China.Australian iron ore fines 62% Fe gained $1/t over a day, coming to $42/t CFR and repeating one-month’s high lastregistered on December 1. “HRC and rebar prices have surged today, bolstering iron ore as a result,” a trader sourcetold Metal Expert.