<span class="wntoptext031"><span>Traders and steelmakers are keen to hoard iron ores in China amid concern over price hike in 2011 Q1.</span></span><span><br> <span class="wntoptext031"><span>The iron ore spot price has soared to US$177/ton CIF. The peak this April is US$192/ton.</span></span><br> <span class="wntoptext031"><span>It’s said that the supply shortage is nearly 78.8 million tons in the market.</span></span><br> Source: <a href="http://www.yieh.com/"><span><u><font size="3" face="Times New Roman">www.yieh.com</font></u></span></a></span>