Back on the menu: Chinese steel mills regain taste for high-grade iron ore
Prices of 65% iron-content ore for delivery to China hit a five-year-peak of $110.5 a tonne on Thursday, while its premium to benchmark 62% ore widened to five-month highs.
Iron ore price is already down 17.% this year, but supply ramp up of cheap ore will result in further falls in the second half of 2014 says new research report.