Beijing has in recent months tried to rein in high prices for raw materials, including iron ore, the main ingredient used to make steel. Photo: Reuters
Beijing has in recent months tried to rein in high prices for raw materials, including iron ore, the main ingredient used to make steel. Photo: Reuters
Commodities

China’s curbs on steel production, pollution and energy consumption send iron ore prices tumbling

  • Iron ore prices plummeted to just below US$100 a tonne last week, after hitting a record of US$235 a tonne in May
  • The decline, which reflects efforts by Beijing to rein in raw material prices, has hit miners, investors and traders

Beijing has in recent months tried to rein in high prices for raw materials, including iron ore, the main ingredient used to make steel. Photo: Reuters
Beijing has in recent months tried to rein in high prices for raw materials, including iron ore, the main ingredient used to make steel. Photo: Reuters
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