Iron ore up in early Asia on seasonal steel demand
Iron ore prices rise in early Asian trade, supported by seasonal steel-demand pickup and pre-holiday restocking, per Baocheng Futures; outlook remains subdued amid steelmakers’ losses.
Iron ore prices are higher in early Asian trade, with Baocheng Futures analysts citing near-term support from a seasonal pickup in steel demand and pre-holiday restocking. The broader outlook remains subdued, however, as widespread losses among steelmakers have raised expectations for product…