Physical iron ore prices continued to be buoyed by gains in the futuresand steel markets on Thursday November 30, especially a surge inrebar prices.China’s ferrous futures continued to advance across the board, withthe benchmark May contracts rising 0.8-3.7%.Spot rebar prices were up by 120-250 yuan ($18-38) per tonne inChina, while the key Tangshan billet price increased by 30 yuan pertonne.
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