This Monday, iron ore futures have progressed slightly. The recent commitment of China, the largest consumer worldwide, to deploy a set of measures aimed at stimulating consumption Inland has boosted the morale of investors.

The most traded iron ore contract in May on the Dalian Commodity Exchange (DCE) in China traded at 820 yuan (117.56 dollars) per metric ton at 02:41 GMT, an increase of 0.61%.

The reference iron ore price for February on the Singapore Stock Exchange was up 0.54% to 109.05 dollars per ton.

Iron ore stocks in 247 steel mills are low compared to levels measured over the same period of years previous ones, according to Mysteel, which indicates that there is still some room for manoeuvre to stimulate demand.

Other steel raw materials listed on DCE increased, with coking coal and coke registering increases 2.4% and 0.37% respectively. According to the Galaxy Futures broker, the The fundamentals of coking coal remained generally stable and the strong The rise in its prices was accentuated by the ambient optimism on the market for iron ore last week.

The reference courses of steel at the Shanghai Futures Exchange have strengthened. The price of bars reinforcement increased by 0.38%, that of hot-rolled coils by 0.39%, that of wire rod of 0.46% and that of stainless steel of 0.95%