Dalian iron ore rebounds on supply woes, easing of China COVID curbs

Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the world's top steel producer also lifted trader sentiment. The most-traded September iron ore contract on China's Dalian Commodity Exchange ended daytime trade 3.9% higher at 834.50 yuan ($122.80) a tonne, after posting its biggest weekly loss in nearly three months on Friday.