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Iron-ore at three-week low as shrinking steel margins, slow demand weigh
Iron-ore futures prices slid to their lowest in nearly three weeks on Thursday, pressured by shrinking steel margins and faltering demand following the completion of pre-holiday restocking in top consumer China. The most-traded iron-ore contract on China's Dalian Commodity Exchange (DCE) slipped 1.29% to 805 yuan ($116.88) a metric ton, after touching its lowest since March 12 at 793.5 yuan earlier in the session. The benchmark May iron-ore on the Singapore Exchange was 0.71% lower at $105.55 a ton as of 0703. It hit its lowest since March 16 at $104.50 earlier. Sentiment in global metal markets soured after US ... (full story)
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- Apr 2, 2026 3:37am Posted byFundamental Analysis193
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