Iron Ore Slips on Weak Fundamentals

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Iron ore futures fell below CNY 680 per ton, approaching four-year lows amid weak steel mill profitability and sluggish demand. Rising inventories at major Chinese ports added further pressure, with stockpiles reaching 153.72 million tons.

Iron ore futures fell below CNY 680 per ton, sliding toward four-year lows as rising port inventories, subdued steel mill profitability and sluggish demand continued to pressure prices. Industry data showed that iron ore stockpiles at major Chinese ports increased nearly 1% to 153.72 million tons in the latest week, while shipments from producers outside ...