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Reuters reported spot iron ore prices jumped on Tuesday as rising steel prices encouraged mills and traders to chase cargoes.
Reuters reported spot iron ore prices jumped on Tuesday as rising steel prices encouraged mills and traders to chase cargoes.
As quoted in the market news:
Iron ore bounced back from near three-year lows earlier this month after Beijing’s approval of more than $150 billion in infrastructure projects raised hopes the plan would resuscitate steel demand.
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