Reported about 24 hours ago
Iron ore prices increased as Chinese steel mills prepare for resuming operations in the spring after a winter slowdown. Following a significant drop earlier this month, the steel-making ingredient saw a rise of up to 1.2% in Singapore futures. However, iron ore has fallen nearly 30% this year due to concerns over demand and the sluggish construction sector in China, even as the government announces measures to support the economy.
Source: YAHOO