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Iron Ore Price from China is Kept in Rising Condition
News shows the price of iron ore from China has been hiked by 19.5%, on basis of last update. In such condition, it is possible that steel mills in China will increase the steel output in near furture.

Now the iron ore's price is about usd62.6/ton, which is with an increasing of usd10.2/ton. This price is the highest since from june, 2015. With such increasing, the contracts in China has been increased by 5%.

Because the steel demand from market is still weak, the price rising status for iron ore won't be kept too long time. 

TJC Iron& Steel(Group) Co.,Ltd