Iron-ore hits highest in month on hopes China’s demand improving

Iron-ore touched its highest in nearly a month as traders bet on a modest improvement for China’s steel market. Futures in Singapore rose the previous four trading days and are up more than 6% this week due a tick-up in demand and hopes for a stimulus boost at a major Chinese political gathering — known as the Third Plenum. The steelmaking ingredient is now solidly above $110 a ton after trading below that threshold for most of June.