Iron ore rises on firmer steel outlook, but trade tensions cap gains

Iron ore prices experienced a modest rise due to a positive steel demand outlook driven by improved profit margins in China's steel industry. However, gains were tempered by ongoing trade tensions and mixed economic indicators. Reduced iron ore imports in China, combined with lower inventories of steel products, have added to the upward pressure on prices. Despite these factors, cautious investor sentiment regarding potential economic stimulus from Beijing has limited further price increases​.