| The iron ore price has bounced back from a string of recent declines, despite a fresh warning that the commodity’s current level is unsustainable. Iron ore rose 1 per cent to $US59 in the most recent session, from $US58.40 the previous day, according to The Steel Index.
The increase marked only the second rise for the steelmaking ingredient in the last eight trading sessions, as it eases back from the recent three-and-a-half month peak of $US61.80 that it reached last month...............................................Full Article: Source
|