Iron Ore Rises as China Growth Accelerates and Steel Output Climbs
Iron ore futures rose on Monday after data showed China’s economic growth beat expectations and steel output climbed. Soft underlying iron ore fundamentals capped gains.
Iron ore futures advanced on Monday after data indicated that China's economic growth exceeded expectations and steel production increased. Gains were limited by weak underlying iron ore fundamentals. The most-active January iron ore contract on China's Dalian Commodity Exchange (DCE) COMEX:TIO1! was up 1.41…