China Iron Ore Cash Price Reaches 2009 High, Steel Index Says

简述：交付到中国的铁矿石现货价格在印度增加了铁矿石出口关税后达到年内最高。根据钢铁指数价格，运抵天津港62%铁含量的矿石价格上升2.9%到112.1美元每吨。这个价格与2007年3月的低点比，上升了一倍。

The cash price for iron ore delivered to China, the world’s biggest buyer, rose to the highest this year after India raised taxes on its exports.

The price of 62 percent iron-content ore delivered to Tianjin port increased 2.9 percent to $112.10 a metric ton yesterday, according to e-mailed prices from The Steel Index. The price has more than doubled from its 2009 low on March 27.

India, the world’s third-largest exporter, imposed a 5 percent duty on exports of iron-ore fines and doubled the tax on overseas sales of lump to 10 percent from Dec. 24. The measures are designed to increase the supply of the material to domestic steelmakers.

Iron ore is a raw material used to make steel. Global trade in the commodity is worth about $160 billion a year. (bloomberg)