Original article by Lisa Murray
The Australian Financial Review – Page: 23 : 25-Nov-16

The January 2017 iron ore contract has gained over 17 per cent on the Dalian Commodity Exchange in the last three trading sessions. Futures traders have responded positively to the Chinese Government’s plans to reduce steel production and shut down inefficient steel mills. Analysts note that demand for higher-grade iron ore is rising as steel mills seek to reduce their greenhouse gas emissions. The sharp rise in the price of coking coal has also increased demand for higher-quality iron ore.

CORPORATES
DALIAN COMMODITY EXCHANGE, BAOCHENG FUTURES, THE STEEL INDEX LIMITED, MYSTEEL.COM LIMITED, THE GOLDMAN SACHS GROUP INCORPORATED