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Iron ore logs fourth straight weekly gain on improved steel demand

Iron ore futures advanced on Friday, ending the week higher, buoyed by strengthening steel demand and pre-holiday restocking in major consumer China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) rose 0.81% to 807.5 yuan ($113.54) a metric ton. The contract ended the week up 0.88%. The benchmark September iron ore …

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