Iron ore price rises on firmer steel outlook, but trade tensions cap gains
Lower Chinese steel product inventory driven by robust exports also supported iron ore prices above $100/t.
Police have detained eight people in east China’s Shandong Province in connection with a coal mine fire that has trapped 28 miners for more than two weeks, local authorities said Saturday.
A total of 91 people were working underground in the Fangbei Coal Mine in the province’s city of Zaozhuang on July 6 when an air compression device located in a parking lot 255 meters underground caught fire.
