What the news says
This reflects dual pressure on a key steelmaking raw material, as global supply expands while consumption momentum in the largest market slows.
07/06, 11:06 AM
Iron ore rose after China's state-backed buyer expanded curbs on Australian miner Fortescue Ltd., and as a price slump attracted buyers.
Iron ore rose after China's state-backed buyer expanded curbs on Australian miner Fortescue Ltd., and as a price slump attracted buyers.
Affected assets
bloomberg-markets
07/06, 11:06 AM
Related updates
bloomberg-markets · 06/26, 09:41 AM
High impactBloomberg reports that iron ore is headed for a seventh straight weekly loss, the longest losing streak since 2022, as seasonal demand weakens and mill margins narrow.
FirstSquawk · 07/16, 11:24 AM
High impactIron ore prices declined due to rising supply and weakening demand from China.