The fluctuations of the iron market and optimism about the request of China

The prices of iron ore ranged between profits and losses due to a fog prevailing in the market reducing steel production, while Andrew Forest, veteran sector, expressed its optimism about China’s severity in support of the economy. There was no change in the future contracts of the rough used in steel making and reached $ 101.5 per tonne, after its increase by 0.8%earlier. Prices are being influenced by rumors about reducing steel production this month, and the United States declared customs duties as they were almost finalized this year after falling by more than a quarter in 2024. Out of the greatest expectations of the sign of the billionaire forest, the founder and chairman of the chairman, it did not submit a useful tendency for the economy, and has his optimism about China’s ability to respond to the economy, after a meeting with Prime Minister, Lee. A question about local consumption and the final demand for steel at the Boyo Conference in the Heinan Province that “China’s message shows that it will remain on the specified road. It is very serious about developing the economy.” Future contracts in Singapore fell 0.1% to $ 101.50 per ton at 11:33 p.m.