Iron ore edges higher on output curbs, tight global supply
From brecorder.com
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 continued ...
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