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WEEKLY SUMMARY: Iron ore prices up, spot coke down

ABSTRACT

Over November 22-26, China's prices of iron ore in both spot and futures markets and coke futures prices strengthened together with domestic steel price recoveries for most of last week, while the country's spot coke price declined further on the hard bargaining of the domestic steel mill and weakening demand.
As of November 26, the domestic HRB400E 20mm dia rebar price under Mysteel's assessment recovered Yuan 91/tonne ($14.2/t) on week to Yuan 4,807/tonne including the 13% VAT, while over November 19-25, the blast furnace (BF) capacity utilization rate among China's 247 steel mills under Mysteel's survey eased for the sixth

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