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 world’s largest steel producer. However, these increases in the price of iron ore remained restrained by regulatory worries.
The most-traded May iron ore on China’s Dalian Commodity Exchange DCIOcv1 ended daytime trade 0.5% higher, at U.S. $134.63 (929 yuan) a ton. According to Reuters,…What Does The Future Hold For Iron Ore Markets?
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