Australian miners set for best session since mid-August as iron ore prices rebound

By Reuters News

** Australian miners .AXMM gain 3.3%; on track for their biggest gain since August 20, if trend holds

** Iron ore prices rebound, supported by dip buying amid signs of improving steel margins and downstream consumption in top consumer China IRONORE/

** Major miners BHP BHP.AX and Rio Tinto RIO.AX up 3.5% and 1.4%, respectively

** Sub-index up 8.5% YTD, but set for seventh straight week of losses

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