Iron ore futures fell by the most in nearly two years on Wednesday, weighed by prospects of stronger global supply and weakening Chinese steel demand. Benchmark October iron ore on the Singapore ...
The iron ore market is experiencing volatility due to new tariffs on Chinese steel imposed by countries like Vietnam and South Korea. Fluctuations in iron ore prices are also attributed to changes in ...
I previously issued a bear call on Vale in Jul-23, I am even more bearish now. Construction accounts for over 50% of Chinese steel demand, whereas new home sales have fallen by a third and new housing ...
In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than ...
SINGAPORE, Feb 27 (Reuters) - Iron ore futures prices closed lower on Thursday, pressured by escalating tariff measures against Chinese steel, though solid demand for the steel-making ingredient in ...
SINGAPORE, Feb 26 (Reuters) - Iron ore futures prices weakened for a third consecutive session on Wednesday, weighed down by dour outlook for Chinese steel exports and heightened trade tensions ...
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