Iron Ore Futures Jump As Chinese Cities Ease Covid Restrictions ...Middle East

Economy by : (OILPRICE) -
Via AG Metal Miner China’s steady easing of covid-19 restrictions finally allowed the beleaguered economy to begin reopening. Many experts expect a renewed demand for steel, which means an increased appetite for steel-making raw materials such as iron ore. Both analysts and traders believe the lifting the restrictions was a step in the right direction. This current positivity is clear in the price of iron ore futures, which have started climbing once again. Ore futures rose this Monday after more cities in China eased their covid restrictions.…

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