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Iron Ore: Shanghai Rebar Ticks Higher; Output Cuts Weigh
Nov. 08, 2011 01:51PM PST
Base Metals Investing Reuters reported Shanghai steel futures edged up on Tuesday, regaining ground after sliding over the past three months.
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.
