RIO DE JANEIRO, BRAZIL - With the end of the long holiday in China and the resumption of trading in Chinese ports, iron ore ended Friday (08) with solid appreciation in the spot market, returning to the level of US$120 per ton for the first time in more than three weeks.
According to Fastmarkets MB, the ore with 62% iron content advanced 5.4% in the port of Qingdao, to US$123.38 per ton.
With this performance, the primary raw material for steel zeroed the losses accumulated in October and now shows a gain of 3.5%. In the . . .
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