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Reuters Africa reported iron ore rebar in China saw a rise in trade on Monday although that rise will be limited.
Reuters Africa reported iron ore rebar in China saw a rise in trade on Monday although that rise will be limited.
As quoted in the market news:
Stockpiles of imported iron ore at major Chinese ports stood at 98.41 million tonnes for the week ending Jan. 20, equivalent to nearly two months’ worth of Chinese imports.
Iron ore with 62 percent iron content was steady at $139.80 a tonne last week, according to Steel Index.