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Reuters reports that spot iron ore is expected to breach $140 a tonne this week due to brisk steel demand from China.
Reuters reports that spot iron ore is expected to breach $140 a tonne this week due to brisk steel demand from China.
As quoted in the market news:
Shanghai steel futures hit a 1-1/2-week high on Monday as signs of a stabilising Chinese economy strengthened hopes for steel consumption, which seasonally peaks in September and October along with construction activity.
Click here for the full Reuters news story