Iron Ore Price in China Rises to Highest Since 2008 on Demand
By Jesse Riseborough
Jan. 8 (Bloomberg) -- The cash price of iron ore delivered to
The cost of 62 percent iron-content ore delivered to
The cash price, which has doubled from a 2009 low in March, is trading at about a 62 percent premium to contract prices, JPMorgan Cazenove said Jan. 6, boosting expectations for a gain in benchmark contracts.
The cash price is the highest on record on the Steel Index data compiled by Bloomberg since December 2008.
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