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Reuters reported spot iron ore prices rose in China as investors bet on increased steel demand.
Reuters reported spot iron ore prices rose in China as investors bet on increased steel demand.
As quoted in the market news:
Global miner BHP Billiton sold several cargoes this week at prices around $3 more than previous deals, traders said, adding the bulk of the buyers could be traders positioning ahead of an expected rebound in China’s steel prices.
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