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Sapphire shares soar 38% on news of steel business sale

Divestment will drive firm's push into mining services

SAPPHIRE Corp's shares defied the stock market's general bearish tone yesterday, jumping 38 per cent on news over the weekend that it was selling its entire flagging steel business in China for $70 million. Traders cheered the latest development, which they took as a signal that the ailing steel

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