Exchange prices for steel and raw materials in China rose on Friday, amid rising iron ore quotes to a more than 10-month high. The reason for optimism on the stock exchanges of the PRC were reports about the speedy resolution of the trade crisis in relations with the US.
US Treasury Secretary Stephen Mnuchin raised the issue of canceling some or all of the tariffs imposed on Chinese imports, and offered to start rolling back tariffs during trade negotiations scheduled for January 30, the Wall Street Journal reported on Thursday.
Iron ore on the Dalian Commodity Exchange went up by 2.6% at the start of trading, reaching 525 yuan (about 77.48 dollars) per ton, which is the highest level since the beginning of March last year.
According to the MinProm
