Steel Products
August 19, 2013
Iron Ore Spot Prices (China) Defying Forecasts
Written by Sandy Williams
Iron ore prices continue to rise this month despite forecasts for a sharp correction in the last half of the year. The Steel Index reported 62% iron ore fines at Tianjin Port on August 14 was at a five month high of $142.8—a meteoric rise of more than 28 percent from $110.9/dry tonne on June 12. June 16 prices dipped slightly lower to $137.9/dry ton but, despite day-to-day fluctuations, the trend has been overwhelmingly upward.
