Markets: China's iron stomach

Morgan Stanley’s Joel Crane says Chinese steel production is 'cranking', underpinning iron ore prices.

China’s Tianjin spot iron price is up every day since June 27 bar one. That’s perhaps no surprise. China’s latest import data shows in June the country’s total iron ore imports were 63.2 million tonnes in June, up 7 per cent from June 2012.

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