| Heavy Chinese speculation is roiling the iron ore market, with the upturn in futures trading leading to volatile spot rates. The spot price of Australian ore headed to China surged above $70 per ton at the end of April, up more than 60% from the end of 2015.
Plans revealed at China's National People's Congress in March for transport infrastructure investment of more than 2 trillion yuan ($306 billion) per year caused prices of rebar and other steel materials to skyrocket. Ripples then spread through the Asian market overall, raising prices of products such as hot-coil steel...............................................Full Article: Source
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