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Iron ore edges higher on output curbs, tight global supply
Iron ore futures prices edged higher on Wednesday, supported by reports of steel production curbs in northern China ahead of a military parade, alongside signs of tightening global supply. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.57% higher at 799.5 yuan ($111.32) a metric ton, as of 0328 GMT. The benchmark September iron ore on the Singapore Exchange was 0.07% higher at $104.5 a ton. Reports of steel mills in northern China being ordered to curb output to ensure clear skies during a military parade, to commemorate the end of World War Two, on September 3 ... (full story)