Last Updated: 5/21/2025 11:39:00 PM
The price of iron ore jumped to a three-month high on Tuesday on robust Chinese economic activity data showing continued strong growth particularly in construction and a rebound for its steel industry. The benchmark CFR import price of 62% iron ore fines at China's Tianjin rose 1% to $138.20 / MT on Tuesday a level last seen at the beginning of September according to data provided by SteelIndex. While China's official Purchasing Managers' Index indicated overall economic activity slowed slightly from October's 14-month high, the sub-index for construction was buoyed by a stronger property market.
