Iron Ore Falls to 13-Month Low

AI Summary

Iron ore futures declined to their lowest level in 13 months, around CNY 720 per ton, as Chinese steelmakers faced mounting losses. Deteriorating demand outlook in the steel industry weighed heavily on the metal's pricing, reflecting broader industrial challenges.

Iron ore futures dropped toward CNY 720 per ton, reaching their lowest level since June 2025 as mounting losses among Chinese steelmakers weighed on the demand outlook for the key steelmaking ingredient. Industry data showed average losses at steel mills in Tangshan have widened beyond CNY 100 per ton and are expected to keep increasing, ...