The price of iron ore decreases with the slowdown of Chinese spending and pressure on the question

Iron ore prices fell for the second consecutive day, with investors’ evaluation of China’s request prospects for data showing the slowdown in government spending. Government spending in China has registered a slower pace for the second consecutive month, suggesting that poor financial support has become a threat to an economy that makes its momentum possible in different sectors. As the largest steel producer in the world, Chinese demand for iron ore is closely related to construction activity, including government spending on infrastructure projects. Steel production in China took off for the fourth consecutive month in China in China in China in August, although iron ore maintained a level of more than $ 105 a tonne this week, amid indications of improved production recently with the recovery of the regular recession in the summer. Also read: The price of iron descends with the accumulation of shares and the slowdown in factories in China. The futures for iron ru fell 0.5% in Singapore to record 105.35 dollars per tonne, at 10:49 p.m. local time. The future contracts in Dalian also fell, along with the arming contracts and the warm casing on the Shanghai Stock Exchange.