Iron Leaps Above $60 as China Data, Steel's Rally Boost Outlook

  • Benchmark has climbed 39% this year after three annual losses
  • The rebound isn't expected to last, Capital Economics says

Iron ore keeps on delighting the bulls. The raw material that was battered for the past three years has vaulted back above $60 a metric ton after data from China added to signs that Asia’s top economy may be on the mend and local mills’ expanding margins spurred increased demand.

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