Commodities > Bulks

Making sense of iron ore's ascent

What’s driving the price of iron ore up to a level that no-one expected just a few days ago? The correct answer to that tricky question is your guess is as good as anyone else’s!

Commodities > Bulks

Making sense of iron ore's ascent

What’s driving the price of iron ore up to a level that no-one expected just a few days ago? The correct answer to that tricky question is your guess is as good as anyone else’s!

Making sense of iron ore's ascent

On the up: Chinese steel producers are increasing production on higher profit margins

Explanations abound for the price surge which has taken the steel-making raw material back to around US$74 per tonne, with some optimists tipping it will soon hit $80/t and some pessimists reckoning it will retreat to $60/t.