Wednesday, June 15,
Spot iron ore prices in China remain unchanged on Wednesday with buying interest still being weak as China announced a half-point rise in the reserve ratio.
Indian Exporters kept the quote Fe 63.5/63 at $ 180/MT i.e. the same as Tuesday.
Shanghai Futures Exchange Re-bar also rebounded on Tuesday after the Chinese central bank announced a half-point rise in the reserve ratio in a move that the market had been signposting for weeks. October rebar ended at 4,812 yuan ($742)/MT.
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