Après avoir chuté de plus de 1% on Tuesday, affected by the new tariffs of American President Donald Trump, which will take effect from March 12, the price of iron ore rebounded on Wednesday.

Iron ore futures rebounded on Wednesday. Investors have focused their attention on concerns about potential supply disrupters from the main producer, Australia, and on the prospects for demand growth from the main consumer, China

The most traded May iron ore contract on China's Dalian Commodity Exchange (DCE) gained 0.43% to 824.5 yuan ($112.83) per metric ton at 0247 GMT. The March reference iron ore on the Singapore Exchange rose by 1.76% to $107.75 per ton at 0308 GMT, the highest since October 16,

Prices were also supported by expectations of increased demand as the weather became increasingly favorable for outdoor construction activities, analysts said.