A steel worker operates a furnace at a steel manufacturing plant in Hefei, Anhui province. Iron ore is enjoying its biggest rally in years, outpacing copper and oil so far in 2016, but prices may remain volatile for a few years due to the restructuring of the steel industry in China. Photo: Reuters

Volatility to rule iron ore market for years given changes in steel industry in China: industry official

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A steel worker operates a furnace at a steel manufacturing plant in Hefei, Anhui province. Iron ore is enjoying its biggest rally in years, outpacing copper and oil so far in 2016, but prices may remain volatile for a few years due to the restructuring of the steel industry in China. Photo: Reuters
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