Iron Ore Jumps in China as Steel Inventory Drop Signals Demand

  • Rebar stockpiles contract for 11 of past 13 weeks: Steelhome
  • ‘Matter of time before a sell-off starts,’ Huatai Futures says

Iron ore futures in China climbed the most since trading started in 2013 as rebar stockpiles continued to shrink, signaling the surge in steel production to a record may have further to run to satisfy demand.

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