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Seaborne iron ore prices jumped on the first day of December. The Fed's interest rate hike is expected to slow down, supporting the short-term rebound of the iron ore market. The Kallanish KORE 62% Fe index gained $3.05/tonne on Thursday to $102.75/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $3.08/t higher at $114.56/dmt cfr, and the KORE 58% Fe index increased $2.6/t to $88.83/dmt cfr. Two cargos of 80,000t …
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