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Spot prices of iron ore with 63.5% iron content for delivery to Tianjin dropped to around $130 a tonne, a level not seen in over three weeks after Chinese authorities vowed to strengthen market supervision. Beijing has been signalling it would focus on stabilising prices after the state planner warned that there was speculation in iron ore trading.

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Iron ore Import From Nigeria- Minimum Order, prices and Trends

Iron ores are rocks from which metallic iron can be economically extracted. Iron ore rocks are usually found in the form of hematite (Fe2O3) or magnetite (Fe3O4). About 98% of world iron ore production is used to make iron in the form of steel. Although iron in cast form has many specific uses (e.g. pipes, fittings, engine blocks), its main use ...

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