Iron ore prices rose above $140 a tonne, their highest level in five months, as the Chinese steel industry moved to rebuild inventories.
The rally in iron ore, one of China’s most important commodity imports, reflects growing confidence in the country’s industrial sector about the economic outlook. Benchmark Australian iron ore prices, with 62?per cent iron content, have rallied 28 per cent since the middle of June to yesterday’s high of $141.80.
The price of iron ore is crucial to the global economy as it is used to make steel and so feeds through ultimately into the price of everyday goods such as cars and washing machines as well as the cost of construction and infrastructure.
您已閱讀31%（686字），剩余69%（1544字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。