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Reuters reported as steel demand picked up in China mills began restocking iron ore and supported prices of the metal after falling by more than a quarter in August.
Reuters reported as steel demand picked up in China mills began restocking iron ore and supported prices of the metal after falling by more than a quarter in August.
As quoted in the market news:
Iron ore prices rebounded from their lowest level in almost three years earlier this month after Beijing’s approval of more than $150 billion in projects to build highways, ports and airport runways boosted the outlook for steel demand.