The iron ore price rose on Thursday after China’s central bank said it would take monetary policy steps to help businesses hit by the covid-19 outbreak and support a recovery in consumption.
Returning from a five-day Labour Day break, traders were also upbeat about replenishment demand remaining strong for the steelmaking ingredient in the world’ top steel producer.
Benchmark 62% Fe fines imported into Northern China rose 0.79%, to $150.75 per tonne.
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