Activity in the seaborne iron ore market picked up on Tuesday September 10 and prices continued to strengthen. China’s rebar and hot-rolled coil futures corrected downon Tuesday after big gains on Monday, while the benchmark iron ore contract managed to recover intraday losses before the 3pm close. Spot iron ore prices at Chinese ports firmed up, especially after the futures close, according to sources. Trading in the seaborne market also turned up after 4pm, with at least eight deals concluded on platforms or via miner tenders as of 6.15pm.
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