Amid a tepid commodity complex, iron prices have been bolstered by a positive sentiment, and “renewed optimism that China’s vast property sector is emerging from the gloom of recent months,” wrotre Clyde Russell for Reuters. “Iron ore contracts in Singapore ended at $129.24 a metric ton on Monday, the highest since March 16, extending a rally since an Aug. 3 low of $103.21 to 25%.” Publicly traded companies in the space include AK Steel (AKS), ArcelorMittal (MT), Cleveland-Cliffs (CLF), Nucor (NUE), Steel Dynamics (STLD), TimkenSteel (TMST) and U.S. Steel (X).
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