Iron ore futures in China rose more than 5% on Wednesday, after two days of losses, on worries over supply of the steelmaking raw material as more countries ordered lockdowns to contain the coronavirus pandemic.Hopes for global stimulus and a revival in steel demand also buoyed iron ore, with U.S. lawmakers appearing closer to passing a $2 trillion aid package and the Group of 20 major economies looking to advance a coordinated response to the pandemic.
Source : https://in.reuters.com