| 08.06.2012 - China $23 bln steel push seen igniting iron ore: Commodities |
| China is set to jolt iron ore off a six-month low after approving an estimated $23 billion of steel projects that will use the raw material produced by mining companies such as Rio Tinto Group and BHP Billiton Ltd. The commodity will climb to $152 a metric ton in the second half, according to the average of five analyst estimates compiled by Bloomberg...............................................Full Article: Source |