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2018-7-4 Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in construction increases which drives the price up.
The Metal Bulletin Iron Ore Indices Metal Bulletin is the premier global intelligence service for metals and steel professionals. It was founded in 1913 with the mission to provide must-have timely information, including price indications, for the global metals markets.