Paulus29 schreef op 23 juni 2016 19:08:
ArcelorMittal (MT) Stock Gains, Dalian Iron Ore Hits Five-Week High
NEW YORK -- Shares of ArcelorMittal (MT) are climbing 6.62% to $5.39 in late-morning trading on Thursday as Chinese iron ore futures surged to a five-week high earlier today.
Prices of iron ore, a key steel-making ingredient, have benefited from strong steel prices that traders thought were oversold as well as low steel inventory, Reuters reports. The low inventory should keep production high in Chinese mills, boosting demand for raw material iron ore.