Iron Ore Surges Above $70 as Chinese Steel Mills Boost Demand

  • Price jumps 8.8% to highest since January 2015: Metal Bulletin
  • Chinese steel mills boosting demand on bigger profit margin

China Is Poised to Ship Out More Aluminum

Iron ore powered above $70 a metric ton as Chinese steelmakers ramped up production to take advantage of bigger profit margins that have boosted demand.

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