According to foreign reports, the iron ore price broke through $150 per ton for the first time in six months on April 11. According to data from Platts, a pricing agency, iron ore prices have continued to rise throughout March, with a cumulative increase of 8.8% year-to-date. The price of benchmark Australian iron ore rose to $151.25 per tonne yesterday, the highest level since mid-October last year. The iron content of this benchmark iron ore is 62%. The prices of other industrial commodities such as copper and aluminum have fallen sharply. Analysts believe that the market's confidence in China's huge steel industry is improving. China accounts for 60% of global iron ore imports.
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