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Spot iron ore prices are poised to make gains for a third month, reflecting robust Chinese steel demand, Reuters reported, although more supply could pressure the steelmaking commodity.
Spot iron ore prices are poised to make gains for a third month, reflecting robust Chinese steel demand, Reuters reported, although more supply could pressure the steelmaking commodity.
As quoted in the market news:
Shanghai steel futures were steady on Friday and set to extend their winning streak to a third month in a row as Chinese producers anticipate brisk consumption during the seasonally strong period in September and October.
Click here for the full story by Reuters