Iron ore rises for second session as China pre-holiday buying
Chinese steelmakers stepped up seaborne iron ore purchases ahead of a national holiday, lifting Dalian Commodity Exchange's most-traded iron ore contract, though weakening steel mill margins cloud demand.
Iron ore prices gained for a second straight session on Thursday as Chinese steelmakers increased seaborne buying ahead of a national holiday, though narrowing steel mill margins weighed on the demand outlook. The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1! 3…