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Iron Ore Prices Hit One-Year Low as China Demand Slump Deepens

Summary by Oil Price
Iron ore futures in Singapore fell to their lowest intraday level in one year as deteriorating fundamentals continued to weigh on the market. Steel demand in China remains soft amid an ongoing construction slump and weakening mill margins, while supply continues to increase, reinforcing expectations of a growing surplus. Bloomberg noted earlier that the latest concerns surrounding major physical trader Radiant World added another layer of uncert…

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The price of iron ore fell again on Monday (3) in the midst of fears of structural weakness in demand for commodity in the Chinese market. Exclusive material for subscribers. To have full access, access the link of the material and make your registration.

·Rio de Janeiro, Brazil
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IBTimes Australia broke the news in New York, United States on Monday, August 3, 2026.
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