Iron Ore Price Index Rises 1.1% to $39.08 a Ton

Miners Cut Costs, Not Production in Commodity Crush

Iron ore rose 43 cents, or 1.1 percent, to $39.08 a ton, according to a price index compiled by Metal Bulletin.

Iron ore is measured in dry tons, or metric tons less moisture. This price is at the Qingdao port in China and is for metal with 62 percent iron ore content delivered within eight weeks.

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