Bulls prevail on iron ore, steel markets as coal retreats


Iron ore futures rose on Friday to post weekly gains, buoyed by expectations that top steelmaker China would relax its strict COVID-19 restrictions, lifting demand sentiment.

The most-traded January iron ore on China’s Dalian Commodity Exchange ended day-time trade 2.2% higher at 787.5 yuan a tonne, rising about 5.2% for the...