Iron ore futures prices rose slightly on Monday, supported by sustained demand for steel materials, although concerns over U.S. steel tariffs limited gains.

The most traded iron ore contract for September on the Dalian Commodity Exchange (DCE) in China closed the session up 0.21% to 704.5 yuan (98.11 dollars) per metric ton.

The reference iron ore for July on the Singapore Stock Exchange increased by 0.31% to reach $94.45 per ton at 07:09 GMT.

Other steel components listed on the DCE rose, with coking coal and coke gaining 2.84% and 1.9% respectively.

Most steel benchmarks on the Shanghai Futures Exchange have strengthened. Rebar increased by 0.98%, hot-rolled coils by 1.07%, and wire rod by 0.15%, while stainless steel fell slightly by 0.08%