Iron ore rebounds as downstream sees steel price bottom

Seaborne iron ore prices edged up slightly on Friday March 24 amid recovering sentiment caused by bargain-hunting in the iron ore and downstream steel markets, sources told Fastmarkets.

Key drivers

The value of the most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) fell by 1.46% on Friday, from Thursday’s settlement price of 854 yuan...

Published

Paul Lim

March 24, 2023

12:02 GMT

Singapore