Seaborne iron ore prices moved up Monday tracking a strong recovery in rebar futures and firmer physical steel prices, which buoyed consumer confidence and spot tender results. The 62% Fe Iron Ore Index was assessed $1/dry mt higher at $118.50/dmt CFR North China. The most active May rebar contract in Shanghai last traded Yuan 81 higher from Friday's settle at Yuan 3,732/mt ($591.70), closing up Yuan 34/mt at Yuan 3,691/mt.
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