Does Hadeed Steel Saudi Arabia Buy Iron Ore

Chinese iron ore futures jump 5.2% on supply .Industry benchmark 62% iron ore's spot price settled at $84.70 a tonne on Tuesday, up slightly from Monday's six-week low of $84.50, data from SteelHome consultancy showed.

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Vietnam's Posco SS Vina sells rebar line to focus on .The Vietnam-based company's steel plant at Ba Ria Vung Tau, has a production capacity of 1 million mt/year, comprising steel sections and rebar. "Posco SS Vina has sold off its rerolling facilities for rebar making, and going forward, Posco Yamato SS Vina will focus on the other (remaining) production line, which does section products like H-Beams," a source close to the company said.Chinese iron ore futures jump 5.2% on supply .Industry benchmark 62% iron ore's spot price settled at $84.70 a tonne on Tuesday, up slightly from Monday's six-week low of $84.50, data from SteelHome consultancy showed.

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