METAL DETECTIVE

China facing more iron ore price hikes

CHINA is ramping up domestic iron ore production as it tries to put a dampener on runaway prices for the steelmaking ingredient. But the move is unlikely to prevent another hefty increase in quarterly iron ore prices from the start of July. <b><i>The Metal Detective</i>, by Stephen Bell</b>

Stephen Bell

Despite calls for a boycott of certain suppliers and a crackdown on bribery in its steel sector, China is discovering it is not easy to keep a lid on a bullish iron ore market. That is clear from the...

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