Iron ore has hogged the ferrous limelightfor many years, with its high price volatilityand rapidly evolving market in index-linkedtrade and derivatives contracts. But the realstory of this year has been coking coal, theprice of which has more than quadrupledover the space of a year, with ramificationsfor all parts of the steel supply chain. Andas iron ore prices enter another rally, thesurge in prices for the black stuff appears tobe one of the key factors underpinning ironore’s fortunes. So what is going on?
展开▼
