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Reuters reported spot iron ore prices finally rose ending its 14 session losing streak.
Reuters reported spot iron ore prices finally rose ending its 14 session losing streak.
As quoted in the market news:
Benchmark iron ore with 62 percent iron content rose to $117 per tonne on Tuesday, ending its 14-session losing streak, according to the Steel Index.
A few Chinese steelmakers are buying iron ore at small volumes after prices of the steelmaking raw material slumped to their lowest in more than two and a half years, but tepid steel demand could rein in gains, traders said.