China's manufacturing data (PMI) increased from last month, to 52.6, the highest level since April 2012.
Manufacturing data in China, the world's largest steelmaker, increased on Wednesday on hopes that better-than-expected results will revive demand.
The most traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) ended its daytime trading at $131.64 (908.5 yuan), increased by 2.42%, after closing the previous session down by nearly 0.8%.
On the Singapore Stock Exchange, the iron ore indicator in April increased by 2.17% to $126.05 per tonne.
Coal increased by 1.86%, while coking coal was little changed at 2,033.5 yuan per tonne.
On the Shanghai Futures Exchange, rebar increased by 1.1%, hot-rolled coil increased 1.1% and wire rod increased by 0.98%. Stainless steel decreased by 1.36%.
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