Iron Ore Gains on Near-Term Supply Concerns
Iron ore futures rose in early Asian trade as near-term supply concerns and higher freight rates lifted landed costs, according to China Industrial Futures analysts. They said weak end-user demand and low steel mill profitability could cap prices.
Iron ore futures gain in early Asian trade, supported by near-term supply concerns and higher freight rates lifting landed costs, say China Industrial Futures analysts in a note. However, the broader outlook remains bearish as weak end-user demand and low steel mill profitability could cap blast fu…