Iron ore rises on pre-holiday restocking, China stimulus hopes
"Winter restocking of iron ore among steel mills is still underway, so we believe ore prices will find some support in the near term," analyst says.
A deal between steel producer ArcelorMittal and Mexico’s miners union was rejected by workers on Wednesday, Mexico’s labor ministry said a statement, saying the deal had been “favorable.”
The deal would have put an end to a work stoppage at ArcelorMittal’s western Mexico site that started at the end of May.
(By Kylie Madry and Brendan O’Boyle; Editing by Sarah Morland and Chris Reese)
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