Iron ore futures jumped on Thursday on upbeat China economic data, while falling domestic crude steel output spurred hopes of lifting globally suppressed steel prices and improving Chinese steel mill margins. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 2.04% higher at 774.5 yuan ($113.60) a metric ton, as of 0243 GMT. The benchmark May iron ore on the Singapore Exchange was 1.09% higher at $105.35 a ton. The Trump administration expressed optimism on Wednesday about reaching a deal to end the war with Iran, while also warning of increasing economic pressure against ... (full story)