Bloomberg reported that the USD 1.1 billion purchase of a stake in ArcelorMittal Canadian iron ore unit by China Steel Corporation and POSCO increased interest in Canada’s ability to meet Asian demand for the steelmaking raw material. ...
Tags: ArcelorMittal, Canadian iron ore unit, China Steel Corporation, POSCO
Reuters reported that spot iron ore prices hit their highest in almost five months as traders snapped up cargoes, betting Chinese demand will stay firm and supply may be limited in the first quarter due to seasonal weather disruptions in ...