Prices
December 21, 2021
CRU: Iron Ore Continues Its Year-End Rally
Written by Erik Hedborg
By CRU Principal Analyst Erik Hedborg, from CRU’s Steelmaking Raw Materials Monitor, Dec. 21
Iron ore prices have continued to rise in the past week, a typical year-end development observed in recent years. This is the time when steelmakers start building iron ore stocks in anticipation of restricted transportation of ore from ports to mills during China’s spring festival, which will start at end-January.
