Iron ore prices hit all time high, here’s why

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Iron ore prices have rebounded again, we saw all-time high of $229 per tonne in the month of May and from there the price went down to $195 per tonne and now it is back at around $210 per tonne. CNBC-TV18's Manisha Gupta gets more details.

Iron ore prices have rebounded again, we saw all-time high of $229 per tonne in the month of May and from there the price went down to $195 per tonne and now it is back at around $210 per tonne.
It has been a volatile market for last couple of weeks, but it definitely has seen some support come in.
It is trading at a three weeks highs right now, this is because the China portside inventories are now at a four month lows.
Watch accompanying video for more.

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