Iron ore falls

30 Aug, 2022

MANILA: Dalian iron ore fell on Monday after a five-session rally, while prices of the steelmaking ingredient in Singapore retreated from a two-week high, as concerns about steel production curbs in top producer China re-emerged.

The most-traded January iron ore contract on China’s Dalian Commodity Exchange ended morning trade 1.8% lower at 711 yuan ($102.82) a tonne.

On the Singapore Exchange, iron ore’s front-month September contract tumbled 3.4% to $102.40 a tonne.

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