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Iron ore futures recovered to above CNY 670 a ton after touching a four-year low of CNY 664 on October 27, as the return of steelmaking capacity provided some support despite concerns over rising supply. Hot metal production, a key indicator of iron ore demand, fell by 89,900 tons week-on-week to 1.75 million tons in t
Iron ore futures climbed above CNY 680 per ton, recovering from four-year lows amid stronger crude steel production and better-than-expected economic growth in China. Official data showed that China’s daily crude steel output increased 1.9% month over month to 2.45 million tons in September, marking the first monthly r
China steel rebar futures rise above CNY 3,000 per tonne