Iron ore prices fall to 18-month low amid China losses
after close1 source ↓written by the desknot a recommendation
- have dropped
- $87.20 per metric ton
- as Chinese steel
- 18-month low
- psychological barrier
- $100 per ton
Iron ore prices have dropped to $87.20 per metric ton, marking an 18-month low as Chinese steel mills report increasing losses due to weak domestic demand and high input costs. The ongoing closure of the Strait of Hormuz is further straining steel profitability by raising energy prices, impacting both raw material and energy sectors.
• Iron ore now below $100 per ton psychological barrier
• Continued Hormuz closure signals risk in global supply chains
This decline may lead to heightened volatility in related markets.
Not investment advice. For informational purposes only.