A recovery in steel mill margins in China over the past few weeks, driven by a rally in domestic steel prices and rebar-led demand, is comforting some raw material suppliers.
They are seeing an uptick in high-grade iron ore demand and more coking coal imports, after steel margins in China recovered strongly over the past month.
The recovery followed a rise in margins slowly taking hold in September, aided first by weaker iron ore, and coking coal and coke costs.
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