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25 Oct
15:41

Iron ore surges towards $60/t

Seaborne iron ore prices leapt towards the $60/tonne mark on Tuesday on the back of bullish Chinese sentiment and soaring steel futures. Anglo American reported higher output last quarter but high supply has not been enough to undermine prices as mills focus on securing high grade supplies. The Kallanish index for 62% Fe Australian fines jumped $1.41/t to $59.47/dry metric tonne cfr Qingdao. Iron ore futures in Dalian hit their 6% maximum daily increas…
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