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By AG Metal Miner
Iron ore futures continue to climb steadily. The Singapore benchmark for iron ore futures exceeded U.S. $130 a ton on Monday. The increase was largely due to improved steel plant profitability and a positive demand forecast in China, the worldâs largest steel producer. However, these increases in the price of iron ore remained restrained by regulatory worries.
The most-traded May iron ore on Chinaâs Dalian Commodity Exchange DCIOcv1 ended daytime trade 0.5% highe...
>>> Read more: What Does The Future Hold For Iron Ore Markets?
Iron ore futures continue to climb steadily. The Singapore benchmark for iron ore futures exceeded U.S. $130 a ton on Monday. The increase was largely due to improved steel plant profitability and a positive demand forecast in China, the worldâs largest steel producer. However, these increases in the price of iron ore remained restrained by regulatory worries.
The most-traded May iron ore on Chinaâs Dalian Commodity Exchange DCIOcv1 ended daytime trade 0.5% highe...
>>> Read more: What Does The Future Hold For Iron Ore Markets?
