Iron ore hits multi-week high as freight rates stay elevated
Iron ore rose for a third straight session, hitting a multi-week high on elevated freight rates and hopes steelmakers will restock ahead of China’s National Day holiday.
Iron ore prices rose for a third straight session on Monday to a multi-week high, supported by elevated freight rates and expectations of restocking by steelmakers ahead of the National Day holiday in top consumer China. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE…