The iron ore complex rose once again Friday, sending spot prices slightly higher while Dalian futures rose over 3%, dragging rebar and coking coal higher as stainless steel futures also lifted:
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The WA Government has slogged iron ore ship operators in the Pilbara region, trying to extract yet more funds this time in the form of a charge to offset dust pollution costs. More from the ABC:
From March 1, the Pilbara Ports Authority will impose a $13,450 levy on every major ship load of iron ore from the world’s largest bulk export port at Port Hedland, 1,650km north of Perth.