Base Metals

Reuters Africa reports that some global iron indexes reached new highs, but a price correction is likely.

Reuters Africa reports that some global iron indexes reached new highs, but a price correction is likely.

The market news is quoted as saying:

Restocking by domestic steelmakers after the week-long Lunar New Year holiday in early February pushed iron ore prices 5 percent higher than the end of January, bringing the three major indexes to new highs on Tuesday.

To read the full market news, click here.

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