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Seaborne iron ore prices have continued to increase, reaching their highest level in over four months. Mill restocking has pulled inventories lower ahead of the Chinese New Year. The Kallanish KORE 62% Fe index gained $2.47/t on Friday and $7.50/t over the week to $136.99/dry metric tonne cfr Qingdao, the highest level since early September. The Kallanish KORE 65% Fe index increased $2.81/t from Thursday and $7.74/t on-week to $164.53/dmt cfr. The KORE 58% Fe inde…
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