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News 2026-10-16 02:28 UTC

Iron ore rebounds from two — year low on dip buying, improving steel margins

Oct 16 (Reuters) — Iron ore prices rebounded on Friday after touching more than two-year lows the day before, aided by a raft of dip buying amid signs of improving steel margins and downstream consumption in top consumer China. The most-traded iron ore contract on China's Dalian Commodity Exchange rose 0.22% to 673.5 y