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Iron Ore-China Steel Futures Edge Up, Ore Extends Gains
Nov. 09, 2011 03:25PM PST
Base Metals Investing Reuters Africa reported Shanghai steel futures rose after data showed slower Chinese inflation.
Reuters Africa reported Shanghai steel futures rose after data showed slower Chinese inflation.
As quoted in the market news:
Gains in Chinese steel prices bode well for iron ore, the steelmaking raw material, which rose for a seventh straight day on Tuesday as Chinese steel mills continued to replenish inventories after prices slumped more than 30 percent last month.
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