Business
Iron ore price turns higher again after record China imports – MINING.COM – MINING.com
Iron ore prices are already up over 7% in 2021 after customs data showed Chinese imports hitting a record high of 1.2 billion tonnes.
The steelmaking raw material has already enjoyed 7%-plus gains in 2021 after an 80% rise last year and is now trading at levels last seen in September 2011. The benchmark hit an all-time high of $191.70 in February that year.
The high-grade Brazilian index (65% Fe fines) is back near record high at $194.30 a tonne after rising 77% over the past year.
Despite a 45% year-on-year decline in shipments in December to 96.75 million tonnes, for the full year China imported 1.17 billion tonnes of iron…
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