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Iron Ore at Highest Since January 10 as Chinese Buyers Rebuild
Feb. 20, 2013 02:40PM PST
Base Metals Investing Reuters reported that iron ore has reached its highest in nearly 6 weeks as Chinese buyers start rebuilding stockpiles ahead of firmer spot steel prices.
Reuters reported that iron ore has reached its highest in nearly 6 weeks as Chinese buyers start rebuilding stockpiles ahead of firmer spot steel prices.
As quoted in the market news:
Traders with iron ore stocks stored at major Chinese ports have increased their prices by 10 yuan to 20 yuan ($1.60-$3.20) per tonne this week, he said.