Iron Ore-Spot Prices Hold Firm, Steel Output Resilient

Reuters Africa reported spot iron ore prices in China held steady at around $190 per tonne, supported by the country’s resilient steel output.

The market news is quoted as saying,

Chinese steel demand, particularly for long products, is set to pick up in the peak consumption season over September and October, though the steel industry association has warned of little growth in demand for flat products in the second half.

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