Iron ore futures strengthened on Wednesday, underpinned by resilient seasonal demand for the key steelmaking ingredient that countered trade war concerns ahead of looming US tariffs. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) gained 1.15% to 792 yuan ($108.95) a metric ton as of 0257 GMT. The benchmark May iron ore on the Singapore Exchange eased 0.09% to $102.8 a ton. Steel production is increasing overall, rising higher than last year, said broker Galaxy Futures.Production at Chinese blast furnace steelmakers rose for the fifth consecutive week on March 27, driven by a further ... (full story)