Jul 16 2018, 4:42 AMJul 18 2018, 12:56 PMJuly 16 2018, 4:42 AMJuly 18 2018, 12:56 PM
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 .