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Iron Ore Rises Amid Concerns Over Steel Demand

Iron ore prices rose in early Asian trade. Baocheng Futures analysts cited concerns over steel demand and said Chinese steel production may limit gains.

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Iron ore prices rose in early Asian trade. Analysts remain concerned over steel demand, says Baocheng Futures analysts in a note. The outlook for Chinese steel production may also limit gains, they add. Iron ore prices are likely to trade with a firmer bias in the near term, while remaining sensiti…