Spot iron ore prices soar to $142/T on steel pickup

Mar 12, 2010 | 12:45 PM |

Spot iron ore prices again topped $140 per tonne c.f.r. China on Friday as steelmakers resumed buying, encouraged by an upturn in steel tags.

Prices for 63.5-percent iron Indian fines hit $141 to $142 per tonne c.f.r. as transaction volumes rose, up from $137 to $138.50 c.f.r. a week earlier. Offers also rose to $145 c.f.r.....

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