China data boosts iron ore futures, traders optimistic
NewsTotal shipments from Australia and Brazil – significant iron ore suppliers – decreased by 12.5% week-on-week to 22.08 million tons for the week ending March 18.
U.S-based L & L Energy, which has coal mining and distribution businesses in China, has entered into two purchase contracts to supply 700,000t of coal to China’s Kunming Iron & Steel Group (KISC).
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