The seaborne iron ore market received a boost on Monday January 8 froma strong futures market.
Key drivers China's Ministry of Industry & Information Technology (MIIT) announced on Monday that no new capacity will be allowed in the steel, cement and flat glass industries, and issued specific requirements for steel mills replacing old with new capacities. The announcement sparked a boost in steel and iron ore futures curves with participants expecting a stable supply of steel through 2018. Quote of the day "Mill restocking from ports may be finished [by...