Future iron ore contracts interrupted a sequence of four days of loss on Thursday (29), driven by an optimistic feeling of the market, after the
The September Iron Ore Seventh contract on the Dalian Goods Stock Exchange (DCE) of China ended the negotiations of the day with a high of 1.29%707 iUanes ($ 98.31) the ton.
O June reference iron ore on the Singapore Stock Exchange rose 0.95%a US$ 97 a tonelada.
One USA He prevented most of Trump’s fees from coming into force, in a comprehensive decision on Wednesday (28), which considered that the president exceeded his authority by imposing general rates on imports from the country’s business partners.
A judicial decision encouraged investors’ feeling and brings a recovery opportunity for ferrous marketssaid the brokerage Galaxy Futures.
Still, seasonal demand for steel reached its peakand the demand for building materials will continue to decrease, added the Galaxy.
Spring is usually the construction peak station in China, before the rainy season in June.
Meanwhile, although Beijing has said earlier that he wants to reduce gross steel production this year, traders and steelmakers bet that cuts should not be applied amid the improvement of the profitability of the sector.
Os coke prices fell to 757 iUanes At the beginning of the session, the lowest value since June 8, 2021, showed LSEG data.
