Iron ore being transported in Qingdao port, in Shandong province. China imported a record 1.17 billion tons of iron ore last year. Photo: AFP Iron ore being transported in Qingdao port, in Shandong province. China imported a record 1.17 billion tons of iron ore last year. Photo: AFP
Iron ore being transported in Qingdao port, in Shandong province. China imported a record 1.17 billion tons of iron ore last year. Photo: AFP
Commodities

China’s commodity exchanges move to cool iron ore, steel prices as supply squeeze fuels global rally

  • Efforts to temper gains in prices of iron ore, steel futures have so far failed to restrain a rally to new highs
  • China is the world’s biggest importer of iron ore and producer of steel, according to official data

Topic |   Commodities
Iron ore being transported in Qingdao port, in Shandong province. China imported a record 1.17 billion tons of iron ore last year. Photo: AFP Iron ore being transported in Qingdao port, in Shandong province. China imported a record 1.17 billion tons of iron ore last year. Photo: AFP
Iron ore being transported in Qingdao port, in Shandong province. China imported a record 1.17 billion tons of iron ore last year. Photo: AFP
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