Iron ore rises for second session on China pre-holiday restocking
Iron ore prices gained again as Chinese steelmakers increased seaborne purchases ahead of a national holiday, though weaker steel margins cloud demand expectations.
Iron ore prices rose for a second session on Thursday as Chinese steelmakers increased seaborne purchases ahead of a national holiday. Shrinking steel margins, however, continued to cloud the demand outlook. The most-traded iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1! closed daytim…