Iron ore at four-month peak; cold snap shuts Chinese mines

Iron ore edged up to its priciest since July as steelmakers in top consumer China picked up imported cargoes to sustain production while some domestic mines are shut for a cold snap, although the appetite could soon wane, along with steel demand.

Construction activity has slowed in northern China, which has seen heavy snow, traders said, which should curb demand for steel and eventually for raw material iron ore.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1082300/iron-ore-four-month-peak-cold-snap-shuts-chinese