Iron ore falls below $100/t – ING

FXStreetMar 4, 2025 9:02 AM

View all comments（0）



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."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

The Week Ahead: Tesla, Meta and WDC Earnings in Focus as US Stock Q3 Earnings Season Enters Key Trading Window

TradingKey - In the upcoming week (October 19 to October 23), the US market will shift its focus from this week's inflation data to the third-quarter earnings season and economic growth data. US September CPI released this week rose 3.7% year-on-year, while PPI climbed 1.3% month-on-month, marking the largest single-month gain since March 2022; September retail sales grew 0.8% month-on-month and 6.3% year-on-year, indicating that while inflationary pressures remain elevated, US consumer spending maintains a degree of resilience.

Market Sentiment Turns Cautious Ahead of Netflix Earnings: Can NFLX Hold Key $70 Support?

TradingKey - Netflix (NFLX) will report its third-quarter 2026 financial results after the US market close on October 20. With the company's stock price currently hovering around $70 and investor sentiment turning noticeably cautious, this earnings report could serve as a critical turning point for its short-term trajectory.

Memory Stocks Slide Again as Micron Drops Over 3%, But Goldman Says Market Overestimates CXMT Tech Impact

On October 16, memory stocks suffered another setback on Friday: SK Hynix (SKHY) fell over 5%, while SanDisk (SNDK) and Micron (MU) both dropped more than 4%, bringing their weekly pullbacks to 18%, 15%, and 13%, respectively. Market concerns grew that progress on the 4F2 architecture announced by ChangXin Memory Technologies (CXMT) could ease the memory chip shortage, thereby dragging down prices and manufacturer profits. Behind this pullback lie two questions spanning different time horizons: whether immediate supply remains tight, and how much impact CXMT's future capacity expansion will bring.

Tesla Stock Forecast: Delivery Beat Meets Margin Test as TSLA Defends $355 Before Q3 Earnings

TradingKey - Tesla stock forecast: TSLA defends $355 support after a Q3 delivery beat, but margins, cash flow and robotaxi scrutiny decide the October 21 earnings test.

TSMC Q3 Earnings Beat Estimates: Net Profit Surges 69% to Record High as AI Demand Remains Strong

TradingKey - On October 15, TSMC (TSM) released its third-quarter financial results for 2026. Driven by sustained growth in demand for AI chips and advanced nodes, the company's revenue and net profit both reached record highs, with net profit surging nearly 69% year-over-year and beating market expectations.

Featured Tools