Iron ore futures jumps over 3.5% on improved steel margins

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DCE iron ore futures today rose by nearly 3.7% as steel profit margins in China improved. The most-active iron ore futures Sep contract increased by RMB 40/t d-o-d to RMB 1,100/t.
SGX iron ore futures also climbed $5.65/t to close at $182.85/t.
SHFE rebar futures closed at RMB 5,165/t, higher by RMB 83/t.
SHFE HRC futures closed at RMB 5,429/t, up RMB 59/t.

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