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Iron ore demand heating up

Posted on 19 October 2011

As hot as the blast furnaces required to produce steel, China’s ever-expanding economy continues to fuel a seemingly insatiable demand for one of the building blocks of the modern world: iron ore. As a result, iron ore has once again been catapulted into the spotlight with prices surging to robust levels.
With China representing approximately 63% of the market, and India’s needs nipping at China’s heels, iron ore supplies can’t keep up with demand. Especially since these emerging superpowers have limited domestic supplies of iron……………………………………….Full Article: Source


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VRS - who has written 41708 posts on Opalesque Commodities Briefing.


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