Iron ore spot prices recovered on 24 August , after hitting a one-month low the previous day , following news of Chinese steel inventories falling by 10.03 million tonnes to 10.03 million tonnes . News that Chinese steel inventories fell last week may have contributed to the rebound in futures. As a result, 65% fines rose 1.3% to $ 67.03 a tonne, while 1.2% fines rose 62% to $ 93.80 . Iron ore futures ended a three-day downturn, with the January 2019 contract trading at DCE Coke ($ 72 ).
Iron ore spot prices recovered on 24 August , after hitting a one-month low the previous day , following news of Chinese steel inventories falling by 10.03 million tonnes to 10.03 million tonnes . As a result, 65% fines rose 1.3% to $ 67.03 a tonne, while 1.2% fines rose 62% to $ 93.80 . Iron ore futures ended a three-day downturn, with the January 2019 contract trading at DCE Coke ($ 72 ).