Fortescue, Cliffs High Yield Bonds Rebound In Trading As Iron Ore Prices Surge |
| April 29, 2015 | April 2015 Bond Updates |
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Mining credits continue to rebound as iron ore pricing climbs further out of record lows. The benchmark Iron Ore 62% Fe is up nearly 1% today, at $59.2 per dry metric tonne, but it is higher by 16.5% week over week and 26.8% from the record low of $46.7 at the outset of the month, according to The Steel Index, a division of Platts. |
| View more at: http://www.forbes.com/sites/spleverage/2015/04/28/fortescue-cliffs-high-yield-bonds-rebound-in-trading-as-iron-ore-prices-surge/ |
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