Iron Ore-Shanghai rebar hits 2-month top on firm demand view

Reuters Africa reports that Chinese steel futures rose to more than two-month highs on Tuesday as market players were upbeat about the outlook for demand in top market China.

The market news is quoted as saying,

Spot iron ore prices also remained firm, with offers for high-grade Indian material expected to edge up above $190 a tonne this week as Chinese steel mills restock.

For the complete market news, click here.