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Iron ore rallies on Chinese steel hike

Andrew Topf | November 14, 2011 | 10:06 pm China Europe Iron Ore 

The price of iron ore spiked to a one-month high today, with benchmark Australian iron ore rising to $140 a tonne. FT (sub required) reports that Chinese steelmakers, which halted spot market purchases last month amid concerns about an economic slowdown...

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