Reported about 10 hours ago
Iron ore futures prices are declining as concerns grow over U.S. tariffs and trade tensions affecting Chinese steel exports. The Dalian Commodity Exchange's May iron ore contract dropped by 0.43% to 802 yuan, marking a monthly loss. U.S. tariffs of 25% on steel and aluminum imports are contributing to heightened trade frictions, impacting the Chinese steel sector and pushing for consumer-focused policies ahead of China's parliamentary meetings.
Source: YAHOO