The Chinese steel sector seems to be recovering, with prices for 63.5% iron ore fines to Qingdao...

|By:, SA News Editor

The Chinese steel sector seems to be recovering, with prices for 63.5% iron ore fines to Qingdao hitting $117 a metric ton, up 29% from a multi-year low on Sept. 7. In mid-September, 29 vessels were chartered to transport iron ore to China, the largest weekly volume since late March. The trends come after the government OKs major infrastructure projects. Stocks that could benefit include BHP, [RIO, VALE, CLF. (previous)