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Iron ore set for weekly drop as EU plans steep tariffs on China steel
Iron ore futures slid on Friday and were set to end the week lower, weighed by the European Commission’s plan to impose steep tariffs on Chinese steel imports. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.56% lower at 799.5 yuan ($112.10) a metric ton as of 0310 GMT, and was poised to end the week 0.74% lower. The benchmark September iron ore on the Singapore Exchange fell 0.09% to $105.5 a ton, and was set to end the week down 0.19%. The European Commission plans to levy tariffs of 25%-50% on Chinese steel and related products in the coming weeks, per German ... (full story)
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- Sep 26, 2025 1:23am Posted byFundamental Analysis218
