Aug 21, 2020· A spokesperson of another top steel company said that apart from a rise in demand, there is a big shortage of iron ore. The per tonne price of iron ore has increased by Rs 700, while that of steel pellets has gone up by Rs 300-350, and that of iron ore fines and lumps by Rs 200-250.
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Growth in China (the world''s largest consumer of metals) has affected the price of iron ore so much recently that the spot price can almost be considered a proxy for China''s economic health. Download the 40yr price history. Performance USD/t Amount Change; 1 Week +2.43 +2.64% 1 Month-27.92 -22.82% 3 Month-65.14 -40.82% 6 Month
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