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Story summary
- Iron ore prices rose for a third straight day as Chinese steelmakers boost raw material purchases ahead of the Lunar New Year in February.
- Dalian Commodity Exchange iron ore futures climbed to multi-week highs, while Singapore contracts reached their highest since late November.
- Analysts expect continued strong iron ore demand into the holiday season, with mills replenishing inventories as profit margins improve due to lower coal and coke prices.
