Iron Ore Slumps to Two-Month Low on Weak Chinese Manufacturing and New U.S. Steel Tariffs
Iron ore prices dropped sharply this week, with Asian futures hitting their lowest levels in two months. The July contract on the Singapore Exchange fell to $94 per metric tonne as a combination of weak manufacturing data from China and the announcement of new U.S. tariffs on steel weighed on sentiment. China’s Factory Activity Contracts […]
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