Iron Ore: Shanghai Rebar Ticks Higher; Output Cuts Weigh

Nov. 08, 2011 01:51PM PST

Reuters reported Shanghai steel futures edged up on Tuesday, regaining ground after sliding over the past three months.

As quoted in the market news:

Iron ore with 62 percent iron content climbed 1.7 percent to $125 a tonne on Monday, according to the Steel Index .IO62-CNI=SI, the highest since Oct. 26.
Iron ore has gained 7 percent in the past six sessions, after shedding nearly 31 percent in all of October.

Click here to read the full Reuters report.

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