U.S. Markets close in 2 hrs 55 mins

What’s Driving Iron Ore Prices despite Weakness Everywhere Else?

Annie Gilroy
What’s Driving Iron Ore Prices despite Weakness Everywhere Else?

Chinese authorities imposed curbs on steel production last year ahead of winter months to reduce pollution. Steel mills are therefore in restocking mode to advance steel production before the curbs kick in. China’s iron ore import data for September also underscored this fact.