Dalian iron ore rises; coking coal hits 1-month low
Dalian iron ore prices rose for a third straight session, supported by higher-than-expected hot metal output, though demand uncertainty, portside inventory buildup and thin steel margins left prices on track for a second weekly loss. Coking coal was at a 1-month low.
Dalian iron ore prices rose for a third straight session on Friday, helped by hot metal output that was stronger than expected. Even so, demand uncertainty remained, portside inventory continued to swell and thin steel margins kept prices headed for a second straight weekly decline. The most-traded January iron ore contract on C…