01.09.2016 - Iron ore is hovering just below $60 a tonne
Iron ore markets finished mixed on Tuesday with spot prices for higher grade ore pushing higher while lower grade ore tumbled. According to Metal Bulletin, the price for benchmark 62% fines rose by 0.29% to $59.31 a tonne, taking it’s year to date gain to 36.1%. At the other end of the spectrum, the price for 58% fines slid by another 1.44% to $46.47 a tonne. It’s now fallen 3.83% since Friday, trimming its 2016 gain to 20.63%. Activity levels picked up on Tuesday, noted Metal Bulletin...............................................Full Article: Source
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