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.
Operations at two ports used by Rio Tinto — Dampier and Cape Lambert — were winding down, while mining and its rail hauling line remained open, said a spokesman for Rio Tinto, the world’s second-largest iron ore producer. Cyclone Lua was intensifying…
