Iron Ore Futures Prices Rose amid Favourable Macro Data and Completion of Production Restriction in North China

SHANGHAI, Mar 3 (SMM) - Affected by production restrictions in north China at the beginning of last week, iron ore spot prices fell slightly and iron ore futures prices followed suit. But the better-than-expected China's manufacturing PMI in February boosted market sentiment and drove iron ore prices to rise sharply. In the second half of last week, the downstream apparent demand data was released, and the market players mainly held a bullish outlook.