Iron ore and steel futures in China climbed to multi-month highs on Tuesday, buoyed by expectations of firmer steel demand in the world's top consumer from this month.
Construction activity usually picks up from March along with the warmer spring weather, prompting Chinese steel producers to lift output, boosting demand for raw material iron ore.
The most-traded May iron ore on the Dalian Commodity Exchange rose as much as 4.4 percent to 380 yuan ($58) a ton, its strongest since September 11, 2015. It was up over 3.7 percent at 378 yuan by 3 pm Beijing time.
On the Shanghai Futures Exchange, construction-used rebar for May delivery was up 2.3 percent at 1,984 yuan per ton after rising as high as 1,991 yuan, its loftiest since August 28.
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