Iron ore futures fell for the sixth consecutive session on Monday as escalating U.S.-China trade tensions weighed on market sentiment. However, stronger-than-expected Chinese manufacturing data helped limit losses.
The most-traded May iron ore contract on the Dalian Commodity Exchange (DCE) dropped 0.75% to 796 yuan ($109.32) per metric ton by 0254 GMT, touching a session low of 788 yuan—the weakest since January 16. On the Singapore Exchange, benchmark March iron ore dipped 0.15% to $103.1 per ton.
Investor concerns grew after U.S. Treasury Secretary Scott Bessent revealed that Mexico proposed matching U.S. tariffs on China. This followed U.S. President Donald Trump’s announcement of a 10% tariff hike on Chinese imports and plans to impose 25% tariffs on steel and aluminum from March 4. The move threatens China's $7 billion transshipment steel market, further pressuring its struggling steel sector.
Despite trade frictions, China’s factory activity expanded in February, driven by improved supply, demand, and export orders, according to a private-sector survey. Official PMI data released Saturday also showed the fastest manufacturing growth in three months, reinforcing confidence that economic stimulus measures are supporting recovery amid sluggish demand and a weak property sector.
Other steelmaking commodities on the DCE gained, with coking coal up 1.46% and coke rising 1.31%. Steel benchmarks on the Shanghai Futures Exchange also advanced, with rebar and stainless steel climbing 0.3%, hot-rolled coil up nearly 0.6%, and wire rod increasing 0.54%.
As trade tensions persist, the iron ore market remains volatile, with investors closely monitoring global policy shifts and China's economic resilience.


Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Thailand Inflation Remains Negative for 10th Straight Month in January
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 



