Iron Ore Extends Downward Trend on Weaker Chinese Steel Market

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By Katharine Gemmell

June 18, 2025 at 3:59 AM UTC

Iron ore edged down for the fifth day, continuing a downward trajectory as China’s steel market weakens.

Futures of the steel-making ingredient are at the lowest price since April and touched $92 a ton this week. Prices have been slipping as traders weigh up a return to fundamentals and the decline in China’s demand for rebar.