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What’s Keeping Iron Ore Prices Buoyant

Annie Gilroy
What’s Keeping Iron Ore Prices Buoyant

In the week ended April 20, iron ore prices recorded their best weekly performance in 17 weeks, mostly supported by China’s announcement of a cut in bank reserve requirements. This move is expected to improve liquidity, boosting economic activity. Steel prices hinge on economic activity in a country. China’s falling steel inventories are also supporting iron ore prices.