$91.98
0[0.00%]
as of 2024-09-17
What is iron ore 62%?
Iron ore 62% indicates that the ore purchased contains 62% iron and 38% other minerals.
Why should businesses buy iron ore futures?
Businesses should buy iron ore futures to hedge against inflation and lock in prices for raw materials.
How large are iron ore futures contracts?
Iron ore contracts generally include 500 dry metric tons of raw ore.