Iron ore, however, was set for weekly losses amid worries about China’s ailing property sector, COVID-19 curbs, steel production cuts, and Sino-US tensions over Taiwan.
Iron ore’s front-month September contract on the Singapore Exchange climbed by up to 4.3% to $110.30 a tonne, after touching its weakest since July 25 at $104.70 on Thursday.
Entering the Chinese New Year holiday, market trading is sluggish
Trade & Pricing: Europe's billet market trend 2024-2025
