Iron Ore Rises on China Steel Demand

Reuters reports that iron ore rose for the first session in four as Chinese steelmakers ramped up production.

As quoted in the market news:

“Iron ore prices are likely to sustain the gains in coming two weeks as steel demand remains intact and mills will need to continue buying the raw material,” said an iron ore trader in Tangshan city of northern China’s Hebei province.

Click here for the full Reuters article