Iron ore rises as China Golden Week demand hopes build
Iron ore futures gained on expectations Chinese steel mills will raise raw material purchases ahead of China’s Golden Week holiday, with higher port inventories capping gains.
Iron ore futures rose on Monday, supported by expectations that Chinese steel mills will step up raw material purchases ahead of the Golden Week holiday, though gains were limited by higher port inventories. The most-traded January iron ore contract on China's Dalian Commodity Exch…