Iron ore futures gain on easing coking coal pressure, higher blast furnace activity
Iron ore futures rose as signs of easing coking coal supply constraints and a pickup in blast furnace activity pointed to improving steel mill demand. Higher maritime freight rates and stronger steel exports also supported prices.
By Emily Ou YongIron ore futures rose on Thursday as signs of easing coking coal supply constraints and a pickup in blast furnace activity pointed to improving steel mill demand, while higher maritime freight rates and stronger steel exports added further support.The most-traded January iron ore co…