Iron ore prices rose on expectations that mills will restart in March.
Iron ore prices rebounded on Thursday (February 10th) on the back of the positive mood in futures and the support of pre-month swap contracts in Singapore.
With the expectation of steelmakers to continue production after the Winter Olympics and the expectation of increase in demand in the second half of March, ore prices increased.
The March iron ore futures contract traded on the CME (Chicago Mercantile Exchange) closed at $153.02, up $6.59 on Thursday.
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