Iron Ore Climbs as Trump Leaves Door Open for More Tariff Talks
Are Tourists Ruining Europe? How Locals Are Pushing Back
Trump's Gilded Design Style May Be Gaudy. But Don't Call it 'Rococo.'
Denver City Hall Takes a Page From NASA
In California, Pro-Housing 'Abundance' Fans Rewrite an Environmental Landmark
Can Mamdani Bring Free Buses to New York City?
Futures of the steel-making ingredient rose as much as 0.9%, as Trump teased the possibility of additional negotiations and delayed the new rates until Aug. 1 for all nations facing his 'reciprocal' tariffs.
Ferrous markets have been sensitive to Trump's tariff announcements as fears of an impact to global growth weighs on prices. Iron ore has shed around 12% since reaching a 2025 peak in mid-February, although prices got some support last week after China vowed to phase out outdated capacity.
Separately, inventory levels at major Chinese steel mills fell nearly 5% to 15.5 million tons in late June compared with mid-June, according to data from the China Iron and Steel Association. Still, volumes were about 5% higher than in the same period last year.
Futures in Singapore were up 0.8% to $95.95 a ton at 1 p.m. local time. Yuan-priced futures on the Dalian exchange also rose.
Meanwhile, most commodities on the London Metal Exchange were trading higher, with aluminum gaining 0.4% and copper up 0.1%.
Will Trade War Make South India the Next Manufacturing Hub?
'Telecom Is the New Tequila': Behind the Celebrity Wireless Boom
SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too
For Brazil's Criminals, Coffee Beans Are the Target
Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate
©2025 Bloomberg L.P.
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