Iron ore futures climbed as Chinese demand showed resilience ahead of the May Day holiday period. The commodity found support from continued steel production activity in China, the world's largest iron ore consumer. Near-term supply constraints also contributed to the price momentum, with limited new shipments entering the market.

The May Day holidays typically see reduced industrial activity in China, but demand remained robust this year. Market participants noted that steel mills were actively building inventories before the holiday shutdown. Supply-side pressures persisted, with Australian and Brazilian producers facing logistical challenges that limited near-term deliveries.

The price gains reflect ongoing strength in China's construction and manufacturing sectors, which continue to drive iron ore demand despite broader economic headwinds. Iron ore prices have become a barometer for Chinese industrial health, and the current strength suggests continued infrastructure spending.