Iron-ore stretches gains on global steel demand recovery

Iron-ore prices in Asia pushed higher on Monday as strengthening global steel demand buoyed sentiment, and as Chinese steel mills continued to ramp up output despite the government's scrutiny of their compliance with stricter anti-pollution rules. The most-traded September iron ore on China's Dalian Commodity Exchange ended the daytime trading session 0.8% higher at 1 060 yuan ($162.70) a tonne, rising for a third consecutive session.

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