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    iron investing

    Iron Ore: China Steel Futures Rise for 2nd Day, Ore Firm

    Investing News Network
    Aug. 23, 2011 11:11AM PST
    Base Metals Investing

    Reuters Africa reports Shanghai rebar futures rose again with expected demand to continue from construction in China.

    Reuters Africa reports Shanghai rebar futures rose again with expected demand to continue from construction in China.

    The market news is quoted as saying,

    Iron ore prices were benefitting from the resilience in China’s steel prices, with spot rates staying firm although some mills are exercising caution in replenishing inventories, waiting for price dips before buying.

    For the complete market news, click here.

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