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Reuters Africa reports spot iron ore prices are set to go up again after rising for the first time in about a month on Friday as Chinese steel mills began production once again.
Reuters Africa reports spot iron ore prices are set to go up again after rising for the first time in about a month on Friday as Chinese steel mills began production once again.
The market news is quoted as saying,
The Steel Index’s benchmark for ore with 62 percent iron content .IO62-CNI=SI rose $1.40 to $170.20 a tonne on Friday, its first gain since May 4.Platts 62 percent iron ore index IODBZ00-PLT edged up 75 cents to $171.75, rising for the first time since May 11. A similar index by Metal Bulletin .IO62-CNO=MB slipped 12 cents to $170.30.