Chinese futures rallied on better steel margins, which prompted more mills to ramp up production.
Chinese futures rose on Friday from higher steel production, though output cut were issued in steel-making hub of Tangshan.
Chinese futures rose slightly on Wednesday, receiving a little boost from the return of Chinese participants from holidays.
Iron ore prices had withstood the test of the COVID 19 and came out with flying colours with Platts assessment of $82-84 over the past week.
Chinese futures slipped toward the closing session after a rally in morning session on pre-holiday restocking demand.
Chinese futures inched up slightly amid weak global steel outlook, against recovering steel demand and output in China.
Chinese futures rose on Wednesday despite some earlier losses at the start of the session.
Chinese futures slipped over concerns over steel demand as various steel-related industry had suspended operations outside of China.
Chinese futures remained on fire after last week rally, as industry concerns over tightening supply with Vale’s revision of its annual output guidance for 2020.
Chinese futures inched up slightly on Wednesday, over concerns on limited iron ore shipments and lower steel stockpiles.