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

Topic |   Commodities
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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