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Reuters reported that Chinese steel futures rose for the first time in 7 sessions on a pick up in seasonal demand but gains were limited by chronic oversupply and slow manufacturing growth.

Benchmark October rebar futures on the Shanghai Futures Exchange had inched up 0.6 percent to CNY 3,251 per tonne by 0216 GMT. They had lost 4% in the previous six sessions.

The most active iron ore contract on the Dalian Commodity Exchange, for September delivery, had rebounded half a percent to CNY 779 by 0216 GMT.

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Metal Rate
23 Apr, 2014
Zn
2067
Ni
18115
Sn
23700
Al
1835
Cu
6640
Source: LME.co.uk
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When Danieli Centro Combustion set up shop in India 6 years ago, the situation was quite different and the ...Read More

Weekly Poll
Coking coal prices to weaken in Q2
Yes
No
Can't Say
Baltic Dry Index
24 Apr, 2014
BDI
956
BCI
1674
BPI
840
BSI
911
Source: DryShips.com
Currency Rate
24 Apr, 2014
USD
1.0000
AUD
1.0758
BRL
2.2213
CAD
1.1028
CNY
6.2404
EUR
0.7234
GBP
0.5956
INR
61.1024
JPY
102.3219
RUB
35.7500
ZAR
10.5815
Source: http://www.xe.com