Iron ore futures prices strengthened on Thursday, buoyed by seasonal steel demand in top consumer China, outweighing trade war woes sparked by fresh US tariffs. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 1.28% higher at 789 yuan ($108.67) a metric ton, as of 0254 GMT. Earlier in the session, prices hit 792 yuan, their highest since March 17. The benchmark April iron ore on the Singapore Exchange was 0.77% higher at $103.15 a ton. The traditional construction peak season in March and April has led to a seasonal rebound in overall steel consumption, supporting prices in the ... (full story)