Iron Ore Climbs as Steady China Demand Offsets Supply Risks

Iron ore rose as signs of solid Chinese demand offset concerns over rising supply, with futures hitting the highest since October 2024.

The steel-making staple climbed as much as 1.3% to $111.90 a ton in Singapore, set for the sixth gain in seven sessions, as investors focused on steady steel production and firm mill profitability in the world’s largest user.