Iron ore falls below $100/t – ING

FXStreet Insights Team FXStreet

Iron ore dipped below $100/t yesterday for the first time since mid-January, ING's commodity experts Ewa Manthey and Warren Patterson note.

Chinese steel mills are reducing production to ease pollution levels

"The move followed reports that Chinese steel mills are reducing production to ease pollution levels ahead of the annual National People’s Congress meeting in Beijing. Steelmakers in the production hub of Tangshan halted work to ensure blue skies."

"There is also speculation that the government will further mandate capacity cuts. The sector is struggling with declining domestic demand and trade tensions affecting the outlook for exports."

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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