Business
Iron ore price sinks as China vows to punish market manipulation – MINING.COM – MINING.com
Officials in Tangshan warned its steel mills to maintain market order and safeguard companies’ normal operations.
Spot prices of iron ore with 62% iron content for delivery to China, compiled by SteelHome consultancy, had declined $12 to $220.5 a tonne on Thursday.
Chinese builders have slowed purchases of steel-based materials after prices soared to record highs
China’s cabinet on Wednesday said that government departments would step up coordination on policies to stabilise the economy and accommodate the fast increase in commodity prices, same day iron ore price surged to a record $237.57 per tonne in New…
-
Noosa News19 hours agoFamily pleads for help after 17-year-old Pheobe Bishop disappears in Bundaberg before flight
-
Business20 hours agoASX 200 lifts on the RBA’s latest interest rate call
-
Noosa News22 hours agoNo conviction recorded for teen behind attack on Peter Dutton’s office
-
Noosa News23 hours agoMan who allegedly stole children’s underwear charged with 28 offences