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Global Markets: Iron ore price rises for second straight day and reaches US$ 96.50

Iron ore mining truck
Iron ore mining truck

The price of iron ore on the spot market was up $ 1.80, or 1.9%, to reach U.S. $ 96.50 a tonne, according to the price index prepared by The Steel Index. It was the second consecutive day, high on the commodity price and the highest since May 28. Iron ore is measured on a dry basis tons or metric tons without moisture.

The price considered ore received at the port of Tianjin, China, where the iron ore humidity, with 62% of iron, ranging from 8% to 10% of the total weight.

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