Chinese efforts to cut pollution by reducing heavy industrial activity may force up the price of high - grade iron ore to $ 100 per tonne . The commodity has risen in price every month since March to $ 91 on 13 July , despite growing international trade friction . The price for 62 % iron has remained around $ 60 . Energy consultancy Wood ##ings said short - term price increases are possible given the nation 's emissions measures , but warned that high - grade ore will stay in three figures for long . international trade Ratings disagrees , stating that prices may be elevated for some time as turkey pursues its clean - air policy .
Chinese attempts to cut pollution by reducing heavy industrial activity may force up the price of high-grade iron ore to $100 per tonne. The commodity has risen in price every month since March to $91 on 13 July, despite growing international trade friction. The price for 62% ore has remained around $60. Energy consultancy Wood Mackenzie said short-term price increases are possible given the nation's emissions measures, but doubts that high-grade ore will stay in three figures for long. S&P Global Ratings disagrees, stating that prices may remain elevated for some time as China pursues its clean-air policy.