Iron ore flat

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SINGAPORE- Dalian iron ore futures traded flat on Monday as traders weighed the easing supply concerns and lagging steel demand against improving market sentiment in top consumer China.

The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) held steady, ending morning trade at 799.5 yuan ($109.29) a metric ton.

The benchmark February iron ore on the Singapore Exchange was 0.44 percent lower at $103.4 a ton.

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Australia’s Port Hedland, the world’s largest iron ore export hub, has resumed operations after cyclone Sean moved away from the port, the Pilbara Ports Authority said.

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