Author: Alok Thakur
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China: Steel Price hike may Stimulate Iron Ore Demand
Steel prices in China shows upward movement as well as the steel future exchange opens today with positive sentiments. This may support the Iron ore market, hovering at USD 111-112/MT on uncertain steel demand. Spot Iron ore prices down by USD 1/MT owing to factors such as mixed sentiments, downfall in production of factories which…