Iron ore rose Thursday amid stronger futures and steel price as market sentiments were supported by new infrastructureprojects approval and the forthcoming China-US trade talks. At the same time, purchasing activity of steelmakersremained soft.Australian iron ore fines 62% Fe went up by $1/t to $73/t CFR following almost the same climb in May contracts onthe DCE and an improvement in finished products prices. “Expected increase of investment in infrastructure mademoods more optimistic as several new projects were announced recently,” a Chinese analyst told Metal Expert. “Betterinternational situation endorsed the market as well,” he added.
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