The price of iron pulls back from its highlight as concerns about the rates of China withdraw

The price of iron ore has dropped from the highest level since February, as concerns about possible supply disruption as a result of the imposition of new port lights in China have been alleviated. The price of the metal used in the steel industry fell by up to 3.5% on Tuesday, after the Chinese Ministry of Transport issued a statement with the final rules for the fees, and gave greater clarity on the ships subjected, indicating that Chinese manufactured ships owned or operated would be exempt from the fees. Before the statement was issued, the market evaluated the possible consequences for bulk carriers – giant ships carrying iron ore and coal – to China after Beijing responded to a similar US action. China -port rates of clear iron ore prices rose to $ 108.05 a tonne on Monday, as potential port congestion and possible restrictions raised the fear of the disruption of the offer. Also read: Mutual duties on American and Chinese ships spread chaos in the global shipping market. Forward delivery agreements for the reference “Capesize 5TC” route began to decline after the ministry’s statement, and October contracts fell by about 8% on Tuesday, after a two -day increase, after it became clear that a large part of the world fleet would be released, given that China is a large producer of these duties. Ships. Iron prices in 2025 Iron ore prices are still about 15% higher than their lowest level in 2025, which they recorded in April, supported by investor optimism, pressure on the supply side and the demand stronger than expected. Iron Ore Futures Contracts dropped 3.2% to $ 104.30 per ton at 11:38 pm at 11:38 p.m. Singapore, with the biggest drop of one day since April. Yuan-denominated futures also fell on the Dalian stock exchange, while steel futures fell in Shanghai. In a separate context, Rio Tinto Group announced a decrease in the shipping of SP10 RU of lower quality to 9%, compared to 29% in the previous quarter, focusing on the high quality product, according to the production state issued during the third quarter. The mining company also indicated that there is a stock of about 1.5 million tonnes of ore at the gate of the “Simando” mine, the giant iron ore project in Guinea.