Iron ore and steel are resuming their rally in China as investors return to the market to pick up commodities made cheaper after days of steep losses, but a shaky demand outlook suggests the gains will again be fleeting.
Iron ore futures on the Dalian Commodity Exchange have surged 6 per cent to their upside limit at 580.50 yuan ($114). Construction steel rebar on the Shanghai Futures Exchange has also jumped 6 per cent to hit its exchange-set ceiling at 2900 yuan a tonne.............................................Full Article: Source
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