Output push at China steel mills lifts iron ore to one-month high

Steel makers in China may be ramping up output before the government orders production cuts at some mills to ensure clean air in Beijing for a parade, according to UBS Group, which said the increase may be boosting iron ore.

"I have heard there may have been some modest pick-up in steel production ahead of enforced cutbacks in late August, early September for World War II end commemoration in China," analyst Daniel Morgan said on Wednesday.

Bloomberg