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    iron investing

    Chinese Steel Prices at 3-Week Low

    Investing News Network
    Nov. 18, 2013 04:18PM PST
    Base Metals Investing

    Reuters reported that Shanghai rebar futures fell to their lowest in almost three weeks on Monday. Iron ore futures also retreated, closing down 0.3 percent at 932 yuan a tonne.

    Reuters reported that Shanghai rebar futures fell to their lowest in almost three weeks on Monday. Iron ore futures also retreated, closing down 0.3 percent at 932 yuan a tonne.

    As quoted in the market news:

    The most briskly traded rebar contract for May delivery on the Shanghai Futures Exchange fell as low as 3,583 yuan ($590) a tonne, its weakest since Oct. 29. It closed down 0.6 percent at 3,592 yuan.

    Click here for the full Reuters story

    shanghai futures exchangeiron ore futuresiron investing
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