Australian press: Iron ore prices rise near April highs

In the Australian Financial Review (via Bloomberg) overnight:

• Iron ore futures in China have reached their highest since the peaks hit during the speculative frenzy in April
• Iron ore is rallying as steel prices climb
• "There have been a lot of events that are driving up people's sentiment about a tighter steel market," said Kevin Bai, a Beijing-based analyst at CRU Group, who added that iron ore was tracking steel. A flood last week disrupted deliveries across parts of northern China, some furnaces remain closed in the steel hub of Tangshan, and the government has ordered environmental checks on steelmakers in a number of provinces, according to Bai.

The link to the AFR is here for more