Iron Futures in China Help Rebound

Iron ore features in China inched up on Monday morning helping prolong a rebound which began last Wednesday.

According to Reuters:

The most-traded May rebar contract in Shanghai ended Monday morning up 0.2 percent at 2,584 yuan a tonne. Iron ore for May delivery on the Dalian Commodity Exchange ended 0.8 percent higher t 489 yuan per tonne.

Benchmark 62 percent grade iron ore for immediate delivery to China slipped 0.2 percent to $68.70 a tonne on Friday, ending the week down 3.1 percent, according to data compiled by The Steel Index.

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