Prices to rise in coming months

摘要

After celebrations of the Chinese New Year, iron ore prices kept on risingfollowing the finished steel quotes. Since mid-month, the increasehas been additionally supported by rising demand from the constructionsector in China’s northern provinces. Besides, the continuing statestimulation of the economy stirs up speculative sentiments in the futuresmarket. In mid-February, prices for import iron ore reached $95/t CFR inChina, hitting their maximum since August 2014.