Iron ore rises for second session on China pre-holiday restocking
Iron ore prices gained again as Chinese steelmakers increased seaborne purchases ahead of a national holiday, though weaker steel margins cloud demand expectations.
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Iron Ore Rises on Pre-Holiday Restocking
Iron ore futures climbed above CNY 710 per ton, recovering from one-month lows as Chinese steelmakers increased seaborne purchases ahead of the extended National Day holidays in early October. Industry data showed that daily trading volumes for seaborne cargoes surged 43% to 1.41 million tons on September 16 from the p