Iron ore futures climbed on Wednesday. Although continued weakness in the Chinese real estate market limited gains, shipments from major Australian and Brazilian exporters fell

The most traded iron ore contract in September on the Chinese commodity exchange in Dalian (DCE) rose by 0.77% to 716 yuan ($99.91) per metric ton at 03:57 GMT. According to the broker Everbright Futures, the reference price of iron ore in August on the Singapore Stock Exchange rose by 0.86% to 94 dollars per ton. On the supply side, iron ore shipments from major Australian and Brazilian producers declined, and global iron ore shipments declined slightly.

The steel benchmarks on the Shanghai Stock Exchange rose. Rebar grew by 1.44%, hot-rolled coils increased 1.12%, wire rod grew by 0.45%, and stainless steel grew by 1.04%