Author: Lalita
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Spot iron ore prices rally on improved demand
Iron ore spot prices yesterday rose by $3.7 d-o-d, as strong buying interest was seen in the spot market on the back of rising steel margins. Price for Fe 62% fines was assessed at $121.8/t CFR China. On the other hand, iron ore futures prices in DCE and SGX yesterday surged by RMB 28/t and…