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Reuters reported spot iron ore prices steadied on Tuesday amid a slow week as trade slowed in China during a week long holiday.
Reuters reported spot iron ore prices steadied on Tuesday amid a slow week as trade slowed in China during a week long holiday.
As quoted in the market news:
Prices are likely to bounce back when the Chinese return next week after the Oct 1-5 National Day break and replenish their stockpiles of the steelmaking raw material, although sluggish Chinese steel demand would keep any gains in check, traders said.